Market data
Langley, BC — Market Data
The composite Home Price Index benchmark, month-over-month and year-over-year deltas, monthly sales, active inventory, and months of inventory for Langley, drawn from the latest FVREB / REBGV monthly board release.
Snapshot building
The latest market snapshot for Langley (FVREB) is still being aggregated for this deploy. Check back shortly — or see the full chart on Market Insights.
How to read these numbers
The Home Price Index (HPI) benchmark is the industry-standard measure of typical home value in a defined market, mix-adjusted to control for the property types selling that month. Unlike a simple median, the HPI compares like to like — a benchmark detached home in Langley this month versus the same benchmark home last month. That makes it the right metric for month-over-month and year-over-year comparisons.
Months of inventory (MOI) divides active listings by recent monthly sales — under 4 typically reads as a sellers’ market, 4 to 6 balanced, over 6 buyers’. Sales-to-active ratio is the inverse framing; the FVREB and REBGV both publish it. Both metrics are aggregate; specific property types and price bands can read differently than the composite.
HPI benchmarks are aggregate figures — a specific property in Langley may transact above or below the benchmark depending on lot, condition, age, and the active buyer pool. Use the benchmark as the trend line, not the listing price.
Also on Langley
