langford DETACHED - OCTOBER 2 0 2 4
MONTHS OF INVENTORY 5.3 BALANCED MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
MEDIAN PRICE
TOTAL LISTINGS
SALES
▲ 10% VS 2023
▲ 16% VS 2023
▲ 9% VS 2023
▲ 100% VS 2023
There were 181 detached listings in Langford in October, 8% below September and 9% higher than October 2023. October detached home sales increased by 10% month-over-month, to 34, and were 100% above October 2023. The months of inventory for detached in Langford, at 5.3, reflected a balanced market. The detached median price in October was $1,089,500, a 1.0% decrease from September and 16% above October 2023. The average sold price was $1,087,625, 6% below last month and up 10% to October 2023.
THIS MONTH No. $1,087,625 $1,089,500 5.3 34 181
PREVIOUS MONTH No.
PREVIOUS YEAR
No.
% Change
% Change
TOTAL LISTINGS TOTAL SALES MONTHS OF INVENTORY MEDIAN SOLD PRICE AVERAGE SOLD PRICE
$989,856 $940,000 9.8 17 166
-45% 100% 9%
$1,160,674 $1,100,000 6.4 31 197
-6% -1% -16% 10% -8%
10% 16%
▶ MEDIAN DAYS ON MARKET
▶ RECENT TRENDS
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
208
197
41
188
172
181
37
190
183
166
36
174
153
144
139
137
47
45
43
41
29
34
15
14
34
33
31
17
24
$1.15M
$1.10M $1.14M $1.08M
$1.10M $1.09M $1.10M $1.09M
$1.02M $1.08M
$1.01M $1.02M
$940K
Oct-23
Sep-24
Oct-24
▶ TOTAL LISTINGS & SALES BY PRICE RANGE
SELLERS' MARKET < 5
BALANCED 5 - 8
BUYERS' MARKET 8+
● SALES ● TOTAL INVENTORY ● MONTHS OF INVENTORY
40
6.0
5.5
4.5
30
3.6
20
2.1
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
0 1 n/a
7 15 2.1
8 29 3.6
8 36 4.5
8 44 5.5
3 18 6.0
0 7 n/a
0 13 n/a
0 12 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 November 12, 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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