Langley Real Estate Market Update: August 2026

If you've been watching the Langley real estate market and wondering whether now is the right time to buy or sell, the July 2026 statistics from the Fraser Valley Real Estate Board (FVREB) paint a clear picture: affordability is improving, but buyers are still in the driver's seat. Below, we break down what's happening across the entire Fraser Valley, then dig into the numbers that matter most if you're focused on Langley specifically detached homes, townhomes, and condos.

The Big Picture: Fraser Valley Remains a Buyer's Market

Home prices across the Fraser Valley continued to soften in July 2026. The composite benchmark price for a typical Fraser Valley home came in at $877,600, down 0.8% from June and down a full 7% compared to July 2025. This continues a trend that's been building for months: inventory is high, competition among buyers is subdued, and there's no urgency pushing purchase decisions.

The board recorded 1,089 sales in July, a 5% decrease from June and 9% below the same month last year. On the supply side, sellers also pulled back, with 2,836 new listings hitting the market a 14% decline month-over-month and 18% lower than July 2025. Even with fewer new listings, overall active inventory sat at 10,044 properties, which is 32% above the 10-year seasonal average for the region.

That combination softer prices, cautious buyers, and elevated inventory is why the Fraser Valley's sales-to-active-listings ratio landed at just 11% in July. A balanced market typically falls between 12% and 20%, which confirms we're still solidly in buyer's market territory. On average, detached homes and townhomes took 40 days to sell across the Fraser Valley in July, while condos took slightly longer at 46 days.

For buyers, this is genuinely good news. There's more selection, less pressure to overbid, and room to negotiate. For sellers, it means pricing strategically and presenting a property well matters more than ever.

Langley Real Estate: A Closer Look at July 2026

Now let's zoom in on Langley, one of the Fraser Valley's most sought-after communities thanks to its mix of established family neighborhoods, newer master-planned developments, and small-town charm just a short commute from Surrey and Metro Vancouver.

Detached Homes in Langley

Langley's detached home segment saw 79 sales in July, down 11.2% from July 2025 and down 8.1% from June. The benchmark price for a detached home in Langley sat at $1,500,900, essentially flat month-over-month (up 0.4%) but down 6.2% year-over-year. Median price came in at $1,350,000, while the average sale price was $1,404,903.

Interestingly, Langley's detached benchmark price actually held up better than many neighbouring communities this month a small but meaningful signal that buyer interest in Langley's single-family housing stock remains comparatively resilient even as the broader Fraser Valley softens. Active detached listings totalled 460, down close to 20% from a year ago, giving buyers a healthy but not overwhelming amount of choice.

Townhomes in Langley

The townhome market in Langley was one of the most active segments in the entire Fraser Valley this month. Langley recorded 83 townhome sales in July, essentially matching last year's pace and actually up 1.2% year-over-year, even as most other property types and communities saw declines. The benchmark price for a Langley townhome was $811,400, down just 4.9% year-over-year one of the smaller declines across the region with a median price of $819,900 and an average price of $825,259.

With 281 active townhome listings and new listings up slightly from last year, Langley's townhouse segment continues to appeal to move-up buyers and downsizers looking for lower-maintenance living without leaving the area's family-friendly feel.

Condos (Apartments) in Langley

Langley's apartment/condo market saw 64 sales in July, down 22% from July 2025 but flat compared to June. The benchmark price for a Langley condo was $534,200, down 9% year-over-year, with a median price of $504,000 and an average price of $529,787. Active condo listings stood at 413, giving buyers plenty of options across Langley's growing number of newer mid-rise and low-rise developments.

Condos have felt the affordability correction most acutely across the Fraser Valley, and Langley is no exception but that also means entry-level buyers and investors are finding pricing that simply wasn't available a couple of years ago.

Long-Term Perspective: Langley's Home Price Index

Looking beyond month-to-month swings, Langley's MLS® Home Price Index tells an encouraging longer-term story for owners. Over a ten-year horizon, Langley detached homes are up 60.8%, townhomes are up 86.8%, and apartments are up a remarkable 106%. Even over five years, all three property types remain in positive territory. Short-term softness in 2026 hasn't erased the substantial equity gains many Langley homeowners have built over the past decade.

Why Langley Continues to Draw Buyers

Beyond the numbers, it's worth remembering why Langley remains one of the Fraser Valley's most desirable places to put down roots. Neighbourhoods like Willoughby continue to attract young families and first-time buyers drawn to new townhome and condo developments, updated schools, and quick access to Highway 1. Walnut Grove and Murrayville offer a more established, tree-lined feel with larger detached lots, while historic Fort Langley remains a draw for buyers who want small-town character, riverside charm, and a tight-knit community atmosphere. Brookswood continues to see interest from buyers looking for larger properties and a semi-rural lifestyle still within easy reach of Langley's core amenities.

This diversity of housing stock and lifestyle options is part of why Langley tends to hold its value better than some neighbouring communities even during a broader market correction there's something here for nearly every type of buyer, from first-time purchasers to growing families to downsizers.

What This Means If You're Buying or Selling in Langley

If you're a buyer, July's numbers confirm what's been true for a while now: there's no need to rush. Inventory remains elevated, price growth has cooled across all three property types, and days-on-market figures suggest sellers are having to be realistic about pricing. This is a market where a knowledgeable Langley Realtor can help you identify homes that are priced to sell versus properties that may still have room to negotiate.

If you're a seller, pricing strategy and presentation matter more than they have in years. With active listings well above seasonal norms, buyers have choices which means your property needs to stand out on value, condition, and marketing from day one.

Whether you're exploring your first home purchase, considering a move up to a detached property, or thinking about downsizing into a townhome or condo, understanding these trends is the first step. For a deeper look at current listings, neighbourhood-specific insights, and guidance tailored to your situation, connect with an experienced Langley Real Estate professional who tracks these numbers month over month.

The Bottom Line

The Fraser Valley and Langley specifically remains firmly in buyer's market territory as of July 2026. Prices have eased across detached homes, townhomes, and condos, inventory is elevated, and buyers have more negotiating power than they've had in years. At the same time, Langley's longer-term price trends show a community that has consistently rewarded homeowners over five- and ten-year horizons. Whether the current conditions represent opportunity or uncertainty depends entirely on your goals and timeline which is exactly the kind of conversation worth having with a local expert before you make your next move.

Market statistics sourced from the Fraser Valley Real Estate Board's July 2026 MLS® Summary and Home Price Index reports.