langley DETACHED -JUNE 202
SALES TO LISTINGSRATIO 14% BALANCEDMARKET
▶ MARKETSUMMARY
AVERAGEPRICE
MEDIAN PRICE
TOTALLISTINGS
SALES
▲ 6% VS 2021
▲ 13% VS 2021
▲ 55% VS 2021
▼ 56% VS 2021
Therewere578 detached listingsin Langleyin June,12% aboveM ayand 55% higherthan June2021. Junedetached hom esalesdecreased by25% m onth-over-m onth,to82,and were56% below June 2021. Thesales-to-listing ratio fordetached in Langley,at14% , reflected abalanced m arket.
THISMONTH No. $1,740,712 $1,530,500 14% 82 578
PREVIOUSYEAR
PREVIOUSMONTH
No. 50% 187 374
% Change
No. 21% 110 514
% Change
TOTALLISTINGS TOTALSALES
6% 13% -72% -56% 55%
-0.5% -4% -34% -25% 12%
Thedetachedm edian pricein Junewas$1,530,500,a4% decreasefrom M ayand 13% aboveJune2021.
SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE
Theaveragesold pricewas$1,740,712,0.5% below last m onth and up 6% toJune2021.
$1,749,029 $1,588,500
$1,643,326 $1,350,000
▶ RATIO OFMEDIAN PRICES
▶ RECENTTRENDS
● DETACHED-TO-TOWNHOME ● TOWNHOME-TO-CONDO
● SALES ● TOTALINVENTORY ● MEDIAN PRICE
578
514
1.82
1.80
1.74
386
423
374
1.57
1.56
294
292
1.51
273
314
223
275 142
202
168
187
10
166
160
152
131
123
19
82
12
106
92
$1.78M $1.82M
$1.70M
$1.68M $1.63M
$1.64M $1.59M $1.53M
$1.40M $1.41M $1.50M
$1.35M $1.33M
Jun-21
May-22
Jun-22
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET 21% +
BALANCED 12 - 20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY ● S-L RATIO
150
100
47%
31%
29%
50
18%
15%
14%
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
17 8 47%
0 1 n/a
7 2 29%
35 11 31%
87 16 18%
179 25 14%
53 8 15%
67 4 6%
133 7 5%
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