Langley Housing Market & Real Estate Trends
The Langley Housing Market spans two separate municipalities—Langley City and the Township of Langley—with very different housing patterns, from condos and redevelopment around Langley City Centre to newer townhouses and detached homes in Willoughby, established suburban areas such as Walnut Grove and Murrayville, and rural acreages across the Township. These Langley Market Statistics track Langley Home Prices, sales, inventory, new listings and sales-to-active-listings ratios by property type so buyers and sellers can see how the Langley Real Estate Market is changing.
Langley Real Estate Prices can vary widely because the broader Langley market includes two municipalities and very different property types. Langley Housing Prices, Langley Sold Prices and a Langley Average House Price are more useful when interpreted within the correct local submarket, while Langley Real Estate Statistics provide the broader trend. Use the charts below, then compare active listings on Langley Homes for Sale and watch our monthly Market Statistics videos for additional regional commentary.
How to Read Langley Market Charts
Interpreting these charts is not difficult, but it might take a few minutes of study the first time you look.
MLS® HPI Price: Indicates the current sale price of a “representative” house, condo or townhouse. The exact number isn’t what’s important here – look at the trends to assess how the market is moving relative to the past three years.
Median Sales Price: The median sales price is the middle price of all homes sold in a specific period. Half of the sales were above this price, and half were below. It reflects the actual prices buyers and sellers agreed on, but it can swing up or down depending on what types of homes happened to sell that month (e.g., more luxury homes or more entry-level units).
Total Inventory: The total number of homes currently listed for sale at the end of the month. This shows how much supply is available in the market. Rising inventory usually signals more selection for buyers, while declining inventory can indicate tightening conditions and increased competition.
New Listings: The number of homes that were newly added to the market during the month. This shows how much fresh supply is entering the market. Higher levels of new listings mean more options for buyers, while lower levels can signal limited selection and increased competition for available homes.
Sales: The total number of homes that successfully sold during the month. The stronger the market, the greater the number of sales!
Sales to Active Ratio: This ratio is widely used by industry insiders to quantify the strength of the market. It represents the percentage of the available inventory that is sold each month. Generally speaking, a ratio of below 0.12 indicates a slow market (“a buyer’s market”), while a ratio of over 0.20 indicates a hot market (“a seller’s market”), with many more buyers than sellers and intense competition for properties. A ratio between 0.12 and 0.20 reflects a “balanced” market, where the number of sellers and the number of buyers are roughly balanced.
Find more in depth reports below.
Where These Langley Real Estate Statistics Come From
Langley is within the Fraser Valley Real Estate Board market area, and the Fraser Valley Real Estate Board publishes monthly municipal market reports for Langley. The charts on this page track Langley Home Prices and market activity for detached homes, townhouses and condos across the Langley Housing Market.
These Langley Real Estate Statistics are updated as new monthly data becomes available. Reviewing several months of Langley Market Statistics provides better context than relying on one month alone, especially when Langley Real Estate Prices are being influenced by different property types and submarkets. Langley Housing Prices should therefore be read as a broader trend rather than a substitute for local comparable sales. For regional comparisons, see our Market Statistics page.