langford DETACHED - SEPTEMBER 2 0 2 4
MONTHS OF INVENTORY 6.4 BALANCED MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
MEDIAN PRICE
TOTAL LISTINGS
SALES
▲ 9% VS 2023
▲ 5% VS 2023
▲ 23% VS 2023
▲ 41% VS 2023
There were 197 detached listings in Langford in September, 13% above August and 23% higher than September 2023. September detached home sales decreased by 28% month-over-month, to 31, and were 41% above September 2023. The months of inventory for detached in Langford, at 6.4, re(ected a balanced market. The detached median price in September was $1,100,000, a 1.4% increase from August and 5% above September 2023. The average sold price was $1,160,674, 3% above last month and up 9% to September 2023.
THIS MONTH No. $1,160,674 $1,100,000 6.4 31 197
PREVIOUS MONTH No.
PREVIOUS YEAR
No.
% Change
% Change
TOTAL LISTINGS TOTAL SALES MONTHS OF INVENTORY MEDIAN SOLD PRICE AVERAGE SOLD PRICE
$1,067,252 $1,045,000 7.3 22 160
9% 5% -13% 41% 23%
$1,124,622 $1,085,000 4.0 43 174
3% 1.4% 57% -28% 13%
▶ MEDIAN DAYS ON MARKET
▶ RECENT TRENDS
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
208
37
188
197
172
190
182
174
160
166
30
153
29
144
139
137
47
45
43
41
29
31
17
15
14
22
34
33
24
$1.15M
$1.10M $1.14M $1.08M
$1.10M $1.09M $1.10M
$1.05M
$1.02M $1.08M
$1.01M $1.02M
$940K
Sep-23
Aug-24
Sep-24
▶ TOTAL LISTINGS & SALES BY PRICE RANGE
SELLERS' MARKET < 5
BALANCED 5 - 8
BUYERS' MARKET 8+
● SALES ● TOTAL INVENTORY ● MONTHS OF INVENTORY
50
11.0
40
10.0
8.0
30
6.7
6.0
20
4.8
2.8
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
4 19 4.8
11 31 2.8
4 44 11.0
7 47 6.7
3 24 8.0
1 6 6.0
1 10 10.0
0 9 n/a
0 7 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 October 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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