langford DETACHED - JUNE 2 0 2 4
MONTHS OF INVENTORY 6.3 BALANCED MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
MEDIAN PRICE
TOTAL LISTINGS
SALES
▲ 79% VS 2023
▼ 9% VS 2023
▼ 9% VS 2023
▼ 13% VS 2023
There were 208 detached listings in Langford in June, 9% above May and 79% higher than June 2023.
June detached home sales decreased by 27% month-over-month, to 33, and were 13% below June 2023.
THIS MONTH No. $1,035,250 $1,075,000 6.3 33 208
PREVIOUS MONTH No.
PREVIOUS YEAR
No.
% Change
% Change
The months of inventory for detached in Langford, at 6.3, re&ected a balanced market.
TOTAL LISTINGS TOTAL SALES MONTHS OF INVENTORY MEDIAN SOLD PRICE AVERAGE SOLD PRICE
$1,143,690 $1,175,000 3.1 38 116
106% -13% 79%
$1,172,628 $1,025,000 4.2 45 190
-12% 5% 49% -27% 9%
The detached median price in June was $1,075,000, a 5% increase from May and 9% below June 2023.
The average sold price was $1,035,250, 12% below last month and down 9% to June 2023.
-9% -9%
▶ MEDIAN DAYS ON MARKET
▶ RECENT TRENDS
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
32
208
188
172
190
160
166
135
153
144
139
137
116
126
22
47
45
41
38
16
29
38
33
17
15
14
37
24
22
$1.18M $1.23M
$1.15M
$1.14M $1.08M
$1.02M $1.10M
$1.02M $1.08M
$1.01M
$994K $1.05M
$940K
Jun-23
May-24
Jun-24
▶ TOTAL LISTINGS & SALES BY PRICE RANGE
SELLERS' MARKET < 5
BALANCED 5 - 8
BUYERS' MARKET 8+
● SALES ● TOTAL INVENTORY ● MONTHS OF INVENTORY
50
10.8
40
30
20
3.7
3.4
3.1
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
3 11 3.7
11 37 3.4
14 44 3.1
5 54 10.8
0 18 n/a
0 21 n/a
0 7 n/a
0 10 n/a
0 6 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 July 8, 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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