Langley BC Condo Market Trends: Listings, Sales, and Price Comparisons for January 2025
Langley BC Condo Market Insights - January 2025
New Condo Listings Surge in January
The number of new condo listings in Langley saw a dramatic increase in January compared to December. This jump from 83 listings in December to 227 listings in January represents a 175% monthly increase. This surge reflects typical post-holiday listing activity but also signals growing seller confidence in the market.
Chart showing the sharp rise in new condo listings from December to January.
Sales Activity Growth Year-Over-Year
Condo sales in Langley demonstrated modest growth compared to the same period last year. In January, a total of 74 condos were sold, up from 67 units sold in January of the previous year. This represents a 10.4% year-over-year increase, highlighting sustained demand for condominiums despite broader market cooling trends.
Chart comparing condo sales between January 2024 and January 2025.
Benchmark Price Stability Amid Rising Inventory
The benchmark price for condos remained stable at $603,900 in January, reflecting a slight monthly increase of 0.67% and a marginal annual gain of 0.17%. When compared to Metro Vancouver’s benchmark price of $748,100 for condos, Langley’s pricing remains significantly lower—approximately 25% below the regional average.
Chart comparing Langley’s benchmark condo price with Metro Vancouver’s benchmark price.
Key Takeaways
The Langley condo market is showing resilience and adaptability as we enter the new year:
- Inventory growth is providing buyers with more options. - Sales are increasing year-over-year despite challenges. - Prices remain stable, offering affordability advantages over neighboring regions. - Langley continues to attract buyers seeking cost-effective housing options. ---Recent Posts
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