langford DETACHED -OCTOBER 2 0 2 3
MONTHS OF INVENTORY 9.8 BUYERS'M ARKET
▶ MARKETSUMMARY
AVERAGEPRICE
MEDIAN PRICE
TOTALLISTINGS
SALES
▲ 3% VS 2022
▲ 6% VS 2022
▲ 15% VS 2022
▲ 6% VS 2022
Therewere166 detached listingsin Langford in O ctober, 4% aboveSeptem berand 15% higherthan October2022. O ctoberdetached hom esalesdecreased by 23% m onth-over-m onth,to 17,and were6% aboveO ctober 2022. Them onthsofinventory fordetached in Langford,at 9.8,reflected abuyers'm arket. Thedetachedm edian pricein Octoberwas$940,000,a 10% decreasefrom Septem berand 6% aboveO ctober 2022. Theaveragesold pricewas$989,856,7% below last m onth and up 3% toOctober2022.
THISMONTH No.
PREVIOUSMONTH No.
PREVIOUSYEAR
No.
% Change
% Change
TOTALLISTINGS TOTALSALES MONTHSOFINVENTORY MEDIAN SOLD PRICE AVERAGESOLD PRICE
$989,856 $940,000 9.8 17 166
$956,795 $889,113 900% 16 144
3% 6% 8% 6% 15%
$1,067,252 $1,045,000 7.3 22 160
-7% -10% 34% -23% 4%
▶ MEDIAN DAYSON MARKET
▶ RECENTTRENDS
● SALES ● TOTALINVENTORY ● MEDIAN PRICE
41
166
160
135
144
126
10
126
100
16
101
100
29
95
93
55
38
35
26
40
19
38
37
30
8
17
16
22
18
$1.18M
$1.18M $1.23M
$1.16M $1.09M
$1.11M $1.07M
$1.04M
$994K $1.05M
$940K
$889K
$888K
Oct-22
Sep-23 Oct-23
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET < 5
BALANCED 5 - 8
BUYERS'MARKET 8+
● SALES ● TOTALINVENTORY ● MONTHSOFINVENTORY
24+
40
30
20
7.6
10
3.2
3.0
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
1 3 3.0
10 32 3.2
5 38 7.6
1 45 45.0
0 14 n/a
0 11 n/a
0 9 n/a
0 7 n/a
0 7 n/a
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