langley DETACHED -MAY 202
SALES TO LISTINGSRATIO 19% BALANCEDMARKET
▶ MARKETSUMMARY
AVERAGEPRICE
MEDIAN PRICE
TOTALLISTINGS
SALES
▲ 4% VS 2021
▲ 13% VS 2021
▲ 18% VS 2021
▼ 61% VS 2021
Therewere513 detached listingsin Langleyin M ay,21% aboveApriland 18% higherthan M ay2021. M ay detached hom esalesdecreased by 27% m onth-over-m onth,to96,and were61% below M ay 2021. Thesales-to-listing ratio fordetached in Langley,at19% , reflected abalanced m arket.
THISMONTH No. $1,776,715 $1,600,000 19% 96 513
PREVIOUSYEAR
PREVIOUSMONTH
No. 57% 248 435
% Change
No. 31% 132 423
% Change
TOTALLISTINGS TOTALSALES
4% 13% -67% -61% 18%
-1.7% -2% -40% -27% 21%
Thedetachedm edian pricein M aywas$1,600,000,a2% decreasefrom Apriland 13% aboveM ay2021.
SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE
Theaveragesold pricewas$1,776,715,1.7% below last m onth and up 4% toM ay2021.
$1,807,243 $1,640,000
$1,703,247 $1,414,250
▶ RATIO OFMEDIAN PRICES
▶ RECENTTRENDS
● DETACHED-TO-TOWNHOME ● TOWNHOME-TO-CONDO
● SALES ● TOTALINVENTORY ● MEDIAN PRICE
513
435
386
1.94
374
423
1.82
1.77
292
294
273
1.59
314
1.55
223
1.51
248
275
202
168
142
187
166
161
152
132
96
123
12 19
106 92
$1.70M $1.64M $1.60M $1.78M $1.82M
$1.68M $1.63M
$1.41M $1.35M $1.33M
$1.40M $1.41M $1.50M
May-21
Apr-22
May-22
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET 21% +
BALANCED 12 - 20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY ● S-L RATIO
150
100
40%
38%
32%
50
25%
23%
11%
6%
5%
0
<$600K
$600-799K
$800-999K
$1.0M -1.24M $1.25M -1.49M $1.5M -1.99M
$2.0M -2.49M
$2.5M -2.99M
$3M+
S-L RATIO SALES INVENTORY
13 3 23%
1 0 n/a
5 2 40%
28 9 32%
65 25 38%
165 42 25%
47 5 11%
63 3 5%
126 7 6%
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