Langley Real Estate Market Report - October 2026

Langley Real Estate Market: Notable Decline in Benchmark Price

The most striking insight from the Langley real estate market is the 6.2% year-over-year decline in the MLS® HPI composite benchmark price, now at $941,800, as reported by the Fraser Valley Real Estate Board for September 2026.

Price Breakdown by Property Type

What This Means for Buyers

With 1,439 active listings, buyers have a substantial inventory to choose from. The list price range for current actives spans from $144,500 to $24,000,000, offering options across various budget levels. The significant 6.2% decline in the benchmark price suggests potential for negotiation and value acquisition. Buyers should target properties that have been on the market longer, as sellers may be more motivated to negotiate.

What This Means for Sellers

Sellers face a challenging market with the benchmark price decreasing by 6.2% year-over-year. With 496 new listings in the last 30 days, competition is intensifying. Pricing competitively within the current active list price range is crucial. Highlighting unique features and ensuring properties are in top condition can differentiate your listing. Quick responsiveness to inquiries is essential to capture buyer interest.

30-Second Takeaway

• The benchmark price dropped 6.2% to $941,800, indicating a softer market.
• Buyers benefit from a wide price range and substantial inventory.
• Sellers must price competitively and enhance property appeal to attract offers.