langley DETACHED - FEBRUARY 2 0 2 5
SALES TO LISTINGS RATIO 12% BUYERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
MEDIAN PRICE
TOTAL INVENTORY
SALES
▲ 48% VS 2024
▼ 1.7% VS 2024
▼ 1.9% VS 2024
▼ 27% VS 2024
There were 571 detached listings in Langley in February, 13% above January and 48% higher than February 2024. February detached home sales increased by 56% month-over-month, to 67, and were 27% below February 2024. The sales-to-listing ratio for detached in Langley, at 12%, re'ected a buyers' market. The detached median price in February was $1,590,476, a 1.5% decrease from January and 1.9% below February 2024. The average sold price was $1,764,024, 13% below last month and down 1.7% to February 2024.
THIS MONTH No. $1,764,024 $1,590,476 12% 67 571
PREVIOUS MONTH
PREVIOUS YEAR
No.
% Change
No.
% Change
TOTAL INVENTORY TOTAL SALES SALES-LISTINGS RATIO MEDIAN SOLD PRICE AVERAGE SOLD PRICE
$1,794,198 $1,621,500 24% 92 386
-1.7% -1.9% -51% -27% 48%
$2,024,782 $1,615,000 8% 43 507
38% 56% 13%
-13% -1.5%
▶ RATIO OF MEDIAN PRICES
▶ RECENT TRENDS
● DETACHED-TO-TOWNHOME ● TOWNHOME-TO-CONDO
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
660
700
616
689
600
665
644
555
571
1.92
1.84
1.79
507
473
458
386
1.60
1.54
1.52
141
118
96
91
83
92
43
67
103
91
86
83
77
$1.74M
$1.62M $1.55M $1.59M $1.60M $1.55M $1.56M $1.60M $1.59M
$1.60M
$1.62M $1.59M
$1.46M
24-Feb
25-Jan
25-Feb
▶ TOTAL LISTINGS & SALES BY PRICE RANGE
SELLERS' MARKET 21% +
BALANCED 12 - 20%
BUYERS' MARKET <12%
● SALES ● TOTAL INVENTORY ● S-L RATIO
160
140
120
100
80
40%
60
40
17%
16%
15%
11%
6%
4%
3%
20
3%
0
<$1M
$1.0M-1.24M $1.25M-1.49M $1.5M-1.99M $2.0M-2.49M $2.5M-2.99M $3.0M-3.99M $4.0M-4.99M $5.0M-5.99M
$6.0M+
S-L RATIO SALES INVENTORY
13 2 15%
25 10 40%
109 19 17%
153 24 16%
77 3 4%
58 2 3%
45 5 11%
35 1 3%
18 1 6%
38 0 n/a
Copyright © 2025 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 March 10, 2025. All data from Greater Vancouver REALTORS®, Fraser Valley Real Estate Board, Whistler Listing System, and 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. 23 ●
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