Langley Townhouse Market Report – May 2023

In May 2023, the Langley townhouse real estate market is classified as a Buyer's Market with an absorption rate of 7.9%. Conditions may favour buyers — there is relatively more supply than demand, giving buyers more choice and negotiating room. Always consult a licensed REALTOR® to assess your specific situation.

114 townhouse properties sold in Langley during May 2023 based on MLS® records. There were 1,446 active listings at the start of the month. A total of 145 new listings came to market during the month.

The average townhouse sold price in Langley in May 2023 was $919,281. Sold prices ranged from $490,000 to $1,360,000. Data is sourced from MLS® board records.

In May 2023, townhouse properties in Langley averaged 12 days on the market before selling. With an absorption rate of 7.9%, the market is currently a Buyer's Market. A lower average days-on-market indicates stronger demand.

The average townhouse sold price in Langley in May 2023 was $919,281, down 2.9% year-over-year compared to May 2022 ($946,460). Sales volume was up 7.5% compared to the same month last year. Data is sourced from MLS® sold records.