Langley House Market Report – January 2021

In January 2021, the Langley house real estate market is classified as a Balanced Market with an absorption rate of 17.3%. The market in Langley is currently balanced. Both buyers and sellers have reasonable negotiating positions. Always consult a licensed REALTOR® to assess your specific situation.

116 house properties sold in Langley during January 2021 based on MLS® records. There were 672 active listings at the start of the month. A total of 151 new listings came to market during the month.

The average house sold price in Langley in January 2021 was $1,893,718. Sold prices ranged from $195,000 to $10,000,000. Data is sourced from MLS® board records.

In January 2021, house properties in Langley averaged 52 days on the market before selling. With an absorption rate of 17.3%, the market is currently a Balanced Market. A lower average days-on-market indicates stronger demand.

The average house sold price in Langley in January 2021 was $1,893,718, up 8.6% year-over-year compared to January 2020 ($1,744,000). Sales volume was up 11500% compared to the same month last year. Data is sourced from MLS® sold records.