Langley Real Estate Is Becoming Three Different Markets
Langley’s real estate market is dividing by property type, with detached homes, townhomes, and condos each facing different sales pressures and future opportunities.
Langley Real Estate
✍️ By Debbie Balfour | Langley News | June 23, 2026
Langley’s real estate market is no longer one simple story. Detached homes, townhomes, and condos are each reacting differently to affordability, interest rates, inventory, and buyer confidence.
Across the Fraser Valley, May 2026 remained a buyer-leaning market. The Fraser Valley Real Estate Board recorded 1,124 sales, up 0.5% from April but down 5% from May 2025. Active listings reached 10,140, and the sales-to-active-listings ratio was 11%, which is considered buyer’s market territory.
Detached Homes
Detached homes remain Langley’s premium segment, but they are also where opportunity is returning for move-up buyers. Across the Fraser Valley, the benchmark detached price was $1,366,500 in May, down 7.9% year-over-year.
Local Langley reporting showed detached sales rose to 89 in May 2026 from 74 in May 2025, suggesting demand has improved where pricing is realistic.
Prediction: Detached sales may continue to improve modestly if rates ease or buyers believe prices have stabilized. However, strong price growth is unlikely unless inventory tightens significantly.
Townhomes
Townhomes may be Langley’s most balanced segment. They appeal to families who need space but cannot afford detached homes. Across the Fraser Valley, the benchmark townhome price was $769,500 in May, down 7.6% year-over-year.
Langley townhome sales were reported at 75 in May 2026, flat compared with May 2025, while new listings were down sharply year-over-year.
Prediction: Townhomes could lead the next recovery because they sit between affordability and lifestyle demand. If borrowing conditions improve, this category may see the strongest buyer competition.
Condos
Condos remain the entry point for many first-time buyers and investors, but this segment is still price-sensitive. Across the Fraser Valley, the benchmark apartment price was $483,800 in May, down 8.8% from May 2025.
Langley condo sales were reported at 83 in May 2026, down from 87 a year earlier.
Prediction: Condo sales may remain uneven. Well-priced units near transit, shopping, and future growth areas should perform better, while overpriced listings may continue to sit.
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The Bottom Line
Langley is not one market. Detached homes may be finding a floor, townhomes may be the most resilient, and condos may depend heavily on affordability and investor confidence.
The smartest buyers and sellers will watch each property type separately.
Debbie Balfour | Real Estate Investing Success Coach + Podcast Host
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