langford DETACHED - NOVEMBER 2 0 2 4
MONTHS OF INVENTORY 3.6 SELLERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
MEDIAN PRICE
TOTAL LISTINGS
SALES
▲ 160% VS 2023
▼ 8% VS 2023
▼ 7% VS 2023
▼ 19% VS 2023
There were 139 detached listings in Langford in November, 23% below October and 19% lower than November 2023. November detached home sales increased by 15% month-over-month, to 39, and were 160% above November 2023. The months of inventory for detached in Langford, at 3.6, reflected a sellers' market. The detached median price in November was $1,075,000, a 1.3% decrease from October and 7% below November 2023. The average sold price was $1,089,694, 0.2% above last month and down 8% to November 2023.
THIS MONTH No. $1,089,694 $1,075,000 3.6 39 139
PREVIOUS MONTH No.
PREVIOUS YEAR
No.
% Change
% Change
TOTAL LISTINGS TOTAL SALES MONTHS OF INVENTORY MEDIAN SOLD PRICE AVERAGE SOLD PRICE
$1,189,600 $1,150,000 11.5 15 172
-69% 160% -19%
$1,087,625 $1,089,500 5.3 34 181
0.2% -1.3% -33% 15% -23%
-8% -7%
▶ MEDIAN DAYS ON MARKET
▶ RECENT TRENDS
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
208
197
41
188
181
172
190
183
36
174
153
144
139
139
137
26
47
45
43
41
29
39
14
34
34
33
31
15
24
$1.15M
$1.10M $1.14M $1.08M
$1.10M $1.09M $1.10M $1.09M $1.08M
$1.02M $1.08M
$1.01M $1.02M
Nov-23
Oct-24
Nov-24
▶ TOTAL LISTINGS & SALES BY PRICE RANGE
SELLERS' MARKET < 5
BALANCED 5 - 8
BUYERS' MARKET 8+
● SALES ● TOTAL INVENTORY ● MONTHS OF INVENTORY
40
5.4
5.3
5.0
30
20
2.2
2.2
1.0
10
0
<$600K
$600-799K
$800-999K
$1.0M-1.24M $1.25M-1.49M $1.5M-1.74M $1.75M-1.99M $2.0M-2.49M $2.5M-2.99M
$3M+
MOI INVENTORY SALES
0 1 n/a
7 7 1.0
9 20 2.2
12 26 2.2
7 38 5.4
3 16 5.3
1 5 5.0
0 10 n/a
0 10 n/a
0 6 n/a
Copyright © 2024 rennie group of companies. All rights reserved. This material may not be reproduced or distributed, in whole or in part, without the prior written permission of the rennie group of companies. Current as of December 9, 2024. All data from Victoria Real Estate Board & Rennie. While the information and data contained herein has been obtained from sources deemed reliable, accuracy cannot be guaranteed. rennie group of companies does not assume responsibility or liability for any inaccuracies. The recipient of the information should take steps as the recipient may deem necessary to verify the information prior to placing any reliance upon the information. The information contained within this report should not be used as an opinion of value, such opinions should and can be obtained from a rennie and associates advisor. All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies. E.&O.E. 25 ●
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