langley DETACHED -JUNE 2023
SALES TO LISTINGSRATIO 43% SELLERS'M ARKET
▶ MARKETSUMMARY
AVERAGEPRICE
MEDIAN PRICE
TOTALLISTINGS
SALES
▼ 2% VS 2022
▼ 0.1% VS 2022
▼ 20% VS 2022
▲ 149% VS 2022
Therewere464 detached listingsin Langleyin June,3% aboveM ayand 20% lowerthan June2022. Junedetached hom esalesincreased by44% m onth-over-m onth,to199,and were149% aboveJune 2022. Thesales-to-listing ratio fordetached in Langley,at43% , reflected aselers'm arket.
THISMONTH No.
PREVIOUSMONTH
PREVIOUSYEAR
No.
% Change
No. 31% 138 452
% Change
TOTALLISTINGS TOTALSALES
43% 199 464
$1,741,120 $1,530,500 14% 80 578
-2% -0.1% 210% 149% -20%
40% 44% 3%
Thedetachedm edian pricein Junewas$1,529,000,a 0.7% decreasefrom M ayand 0.1% below June2022.
SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE
Theaveragesold pricewas$1,703,428,4% below last m onthand down 2% toJune2022.
$1,773,081 $1,540,001
-4% -0.7%
$1,703,428 $1,529,000
▶ RATIO OFMEDIAN PRICES
▶ RECENTTRENDS
● DETACHED-TO-TOWNHOME ● TOWNHOME-TO-CONDO
● SALES ● TOTALINVENTORY ● MEDIAN PRICE
578
577
461
452
520
431
464
1.75
1.74
1.74
484
1.62
1.60
344
1.56
340
327
321
312
199
130
86 88
79
138
18
80
76
76
70
56
61
$1.55M $1.54M $1.53M
$1.53M $1.51M
$1.35M $1.38M $1.39M $1.30M $1.33M $1.32M $1.38M $1.38M
22-Jun
23-M ay 23-Jun
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET 21% +
BALANCED 12 - 20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY ● S-L RATIO
120
100%+
100
71%
80
60%
53%
60
38%
34%
40
16%
20
10%
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 9 53%
8 3 38%
25 26 104%
70 50 71%
116 70 60%
65 22 34%
43 7 16%
120 12 10%
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