Home sales have been increasing on a year-over-year basis every month for more than two years in the Montreal CMA.
March saw a modest increase in sales of 1%, taking total sales through the province’s Centris database to 5,710 according to the Quebec Professional Association of Real Estate Brokers (QPAREB).
Saint-Jean-sur-Richelieu was the standout area with a 21% jump in sales, while there were smaller gains for the South Shore (7%), the North Shore (5%) and Vaudreuil-Soulanges (4%).
The Island of Montreal posted a 6% drop in sales, while sales in Laval fell by 1%.
There was no change across the CMA for single-family home sales compared to March 2018 (3,203) while condo sales gained 5% (2,079) and plexes slipped 5% (422).
The median price of single-family homes continued to strengthen, reaching $331,000 (+5 per cent) in March. For condos, the median price gained 3% to $248,000; and for plexes (2 to 5 dwellings) the median price was unchanged year-over-year at $500,000.
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Residential Statistics – Montreal CMA |
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March 2019 |
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Sales |
2019 |
2018 |
Variation |
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Total residential |
5,710 |
5,631 |
1% |
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Single-family |
3,203 |
3,209 |
0% |
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Condominium |
2,079 |
1,975 |
5% |
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Plex (2-5 dwellings) |
422 |
445 |
-5% |
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Median price |
2019 |
2018 |
Variation |
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Single-family |
$331,000 |
$ 314,859 |
5% |
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Condominium |
$248,000 |
$240,000 |
3% |
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Plex |
$500,000 |
$ 500,000 |
0% |
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Sales volume |
2019 |
2018 |
Variation |
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Total residential |
$2,123,221,897 |
$1,998,525,502 |
6% |
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Listings |
2019 |
2018 |
Variation |
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Active |
22,430 |
26,296 |
-15% |
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New |
7,508 |
7,754 |
-3% |
