langley DETACHED -MAY 2023
SALES TO LISTINGSRATIO 31% SELLERS'M ARKET
▶ MARKETSUMMARY
AVERAGEPRICE
MEDIAN PRICE
TOTALLISTINGS
SALES
▲ 1.4% VS 2022
▼ 3% VS 2022
▼ 12% VS 2022
▲ 25% VS 2022
Therewere452 detached listingsin Langleyin M ay,33% aboveApriland 12% lowerthan M ay2022. M ay detached hom esalesincreased by 17% m onth-over-m onth,to138,and were25% aboveM ay 2022. Thesales-to-listing ratio fordetached in Langley,at31% , reflected aselers'm arket.
THISMONTH No.
PREVIOUSMONTH
PREVIOUSYEAR
No. 21% 110 514
% Change
No. 35% 118 340
% Change
TOTALLISTINGS TOTALSALES
31% 138 452
1.4% -3% 43% 25% -12%
17% 33%
Thedetachedm edian pricein M aywas$1,540,001,a 0.3% decreasefrom Apriland 3% below M ay2022.
SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE
9% -0.3% -12%
Theaveragesold pricewas$1,773,081,9% abovelast m onth and up 1.4% toM ay2022.
$1,621,001 $1,545,000
$1,773,081 $1,540,001
$1,749,029 $1,588,500
▶ RATIO OFMEDIAN PRICES
▶ RECENTTRENDS
● DETACHED-TO-TOWNHOME ● TOWNHOME-TO-CONDO
● SALES ● TOTALINVENTORY ● MEDIAN PRICE
578 577
514
461
452
520
431
1.84
484
1.80
1.75
344
1.60
1.51
1.51
340
327
321
312
130
138
86 88
79
10
18
80
76
76
70
56
61
$1.59M $1.53M $1.51M
$1.55M $1.54M
$1.35M $1.38M $1.39M $1.30M $1.33M $1.32M $1.38M $1.38M
22-May
23-Apr
23-May
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET 21% +
BALANCED 12 - 20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY ● S-L RATIO
120
100
80
60
49%
44%
40%
40%
39%
40
14%
20
13%
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
25 10 40%
0 1 n/a
10 4 40%
23 9 39%
74 36 49%
116 51 44%
61 8 13%
39 4 10%
104 15 14%
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