May Sales Update

🏡 Langley Market Update: May 2025 Shows Softer Pricing and Slower Sales

The latest real estate data for May 2025 reveals a shifting market across Langley, with home prices softening and sales volumes remaining low. This creates a new dynamic for both buyers and developers—especially those with an eye on Brookswood's evolving residential landscape.

📉 Home Sales Stay Slow

Sales across all housing types were down significantly compared to May 2024:

• Detached Homes: 74 units sold, a 42.6% decline year-over-year. However, this was a 10% increase from April, suggesting a slight rebound.

• Townhomes: 75 units sold, down 13.8% year-over-year and holding steady month-over-month.

• Condos: 87 units sold, an 11.2% annual drop, but up 14.5% from the previous month.

💲 Price Trends Point Downward

Benchmark prices showed modest declines year-over-year:

• Detached homes: $1,632,100 (–1.1%)

• Townhomes: $863,600 (–1.2%)

• Condos: $605,300 (–2.3%)

The more telling figures came from actual sale prices, which dropped more sharply:

• Detached: $1,481,471 average (–8.6%)

• Townhomes: $831,027 (–6.0%)

• Condos: $562,679 (–5.8%)

These figures reflect a growing gap between asking and selling prices, an important signal in a cooling market.

📦 Inventory on the Rise

Buyers now have more options than they did a year ago:

• Detached listings: 583 (up 34.6%)

• Townhomes: 349 (up 43.0%)

• Condos: 487 (up 29.2%)

This upward trend in inventory signals a shift toward a more balanced or even buyer-favouring market—particularly in the detached segment.

🔍 What This Means for Brookswood

For landowners and developers in Brookswood, this environment presents both challenges and opportunities. While pricing pressure may reduce short-term margins, the elevated inventory and softer demand could allow for more competitive land acquisition and thoughtful phasing of new projects. It’s also a reminder to position new developments around value, lifestyle, and flexibility to attract today’s more cautious buyer.

Whether you’re exploring subdivision opportunities or gearing up for future pre-sales, staying informed about the wider Langley market can help guide smarter, more responsive decisions.