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Langley Townhouse Market Update November 2024

Home » Market Updates » Langley Townhouse Market Update November 2024

The Fraser Valley Real Estate Board recently published the MLS® statistics for the Langley real estate market, among others, for November 2024.

In this post, we’re going to take a close look at key numbers for the Langley townhouse market for November 2024 – including sales, new listings, active listings, as well as benchmark, median and average prices for townhouses for sale in Langley.

We're also going to see what kind of shape the townhouse market in Langley was in for the month – whether it was a buyer's market, a balanced market, or a seller's market.

Buying and selling activity is typically quiet at this time of year. But it's worth noting that November 2024 sales are higher than they've been compared to the past two Novembers - a sign that overall activity is picking up in the Fraser Valley and with it, growing buyer confidence.

Jeff Chadha – President, Fraser Valley Real Estate Board

And we're going to look at how the Langley MLS® numbers for November 2024 compare with the numbers for November 2023 and for October 2024.

Highlights of FVREB MLS® Data on Langley Townhouse Listings and Sales

Here's a high-level snapshot of listing and sales activity for Langley townhouses in November 2024.

  • 55 Sales
  • 121 New Listings
  • 205 Active listings
  • $867,200 Benchmark Price
  • $877,000 Median Price
  • $903,071 Average Price

The sales-to-active-listings ratio netted out a market absorption rate of 26.83%, indicating that it was a Seller's Market for townhouses in Langley in November 2024 (click on the link learn more about local housing market ratios on the BC Real Estate Association blog).

Please note: If you want the most accurate and up-to-date data on Langley MLS® listing and sales activity for townhouses, you need to speak with a real estate agent.

Langley Townhouse Market Changes

Following are some of the highlights for townhouses for sale in Langley in November 2024:

  • There were 55 townhouse sales in Langley in November 2024 – an increase of 19.57% over November 2023 and a decrease of -32.93% over October 2024
  • There were 121 new listings of townhouses in Langley in November 2024 – an increase of 51.25% over November 2023 and a decrease of -10.37% over October 2024
  • The average price of a townhouse in Langley in November 2024 was $903,071 – an increase of 5.64% over November 2023 and an increase of 5.45% over October 2024

If you're really keen to understand what happened in the market for townhouse in Langley in November 2024, make sure you check out the next section.

Detailed Overview of the Market for Townhouses in Langley

Check out the table below for more detailed information on what happened in the Langley townhouse market in November 2024 and see how it compares with the previous year and previous month.

Langley Townhouse Stats

Metric Nov 2024 Nov 2023 % Change Oct 2024 % Change
Sales 55 46 19.57% 82 -32.93%
New Listings 121 80 51.25% 135 -10.37%
Active Listings 205 142 44.37% 221 -7.24%
Benchmark Price $867,200 $867,500 -0.03% $864,800 0.28%
Median Price $877,000 $871,000 0.69% $829,950 5.67%
Average Price $903,071 $854,823 5.64% $856,389 5.45%

Disclaimer

All of the data for the monthly real estate market updates are taken directly from the MLS® 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 latest MLS® statistics for the Langley real estate market.

Or, better still, speak directly with a real estate agent who specializes in Langley townhouses who will be able to provide you with the most accurate, up to the minute information on – and insights into – the Langley real estate market.

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