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Langley Real Estate Market MLS® Roundup

Langley Detached Home Update for October 2022

Following are some of the highlights for detached homes in Langley in October 2022:

  • There were 60 detached home sales in Langley in October 2022 – a change of -36.17% over October 2021 and a change of -17.81% over September 2022
  • There were 125 new listings of detached homes in Langley in October 2022 – a change of 5.93% over October 2021 and a change of 0.00% over September 2022
  • The average price of a detached home in Langley in October 2022 was $1,421,747 – a change of -9.97% over October 2021 and a change of 2.24% over September 2022

The sales-to-active listings ratio netted out a market absorption rate of 20.55%, indicating a Seller's Market for detached homes in Langley in October 2022 (click on the link learn more about local housing market ratios on the BC Real Estate Association Blog.

Full details here: Langley Detached Home Market Update October 2022.

Langley Townhouse Update for October 2022

Following are some of the highlights for townhouses in Langley in October 2022:

  • There were 53 townhouse sales in Langley in October 2022 – a change of -52.25% over October 2021 and a change of 3.92% over September 2022
  • There were 86 new listings of townhouses in Langley in October 2022 – a change of -14.00% over October 2021 and a change of -20.37% over September 2022
  • The average price of a townhouse in Langley in October 2022 was $766,236 – a change of -9.61% over October 2021 and a change of -4.93% over September 2022

The sales-to-active listings ratio netted out a market absorption rate of 33.54%, indicating a Seller's Market for townhouses in Langley in October 2022 (click on the link learn more about local housing market ratios on the BC Real Estate Association Blog.

Full details here: Langley Townhouse Market Update October 2022.

Langley Condominium Update for October 2022

Following are some of the highlights for condominiums in Langley in October 2022:

  • There were 62 condominium sales in Langley in October 2022 – a change of -51.56% over October 2021 and a change of 3.33% over September 2022
  • There were 173 new listings of condominiums in Langley in October 2022 – a change of 42.98% over October 2021 and a change of -4.42% over September 2022
  • The average price of a condominium in Langley in October 2022 was $560,764 – a change of 0.74% over October 2021 and a change of 0.83% over September 2022

The sales-to-active listings ratio netted out a market absorption rate of 20.20%, indicating a Seller's Market for condominiums in Langley in October 2022 (click on the link learn more about local housing market ratios on the BC Real Estate Association Blog.

Full details here: Langley Condominium Market Update October 2022.

*Disclaimer*

All of the data for the monthly real estate market updates are taken directly from the statistics packages that the Fraser Valley Real Estate Board publishes every month.

Although rare, errors and omissions may happen from time to time. If you want to be absolutely certain the you have the most accurate data, we encourage you to click on the link to the FVREB’s current statistics package.

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