Home sales in the Montreal CMA were up 15% year-over-year in January.

The Quebec Professional Association of Real Estate Brokers’ (QPAREB) analysis of the Centris database shows 2,976 residential sales were concluded in the month. It was the 47th month of increased sales.

Across the Montreal CMA, single-family home and condominium transactions both increased by 17% to reach 1,674 sales and 1,053 sales, respectively. Plex sales fell by 3% to 247 transactions.

All six main areas of the Montreal CMA registered an increase in sales in January led by Laval (30%), Vaudreuil-Soulanges (23%), the North Shore (22%) and the South Shore (17%). There were more modest gains for the Island of Montreal (6%) and Saint-Jean-sur-Richelieu (2%).

The median price of single-family homes and condominiums across the CMA continued to climb in January, reaching $316,000 (+3%) and $248,271 (+2%) respectively. Plexes saw a median price of $515,000, up 4% year-over-year.

Residential Statistics – Montreal CMA

January 2019

Sales

2019

2018

Variation

Total residential

2,976

2,586

15%

Single-family

1,674

1,428

17%

Condominium

1,053

903

17%

Plex (2-5 dwellings)

247

254

-3%

       

Median price

2019

2018

Variation

Single-family

$316,000

$307,000

3%

Condominium

$248,271

$244,500

2%

Plex

$515,000

$495,000

4%

       

Sales volume

2019

2018

Variation

Total residential

1,086,931,980

933,469,651

16%

       

Listings

2019

2018

Variation

Active

20,873

24,918

-16%

New

6,312

6,214

2%

 

 

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