Montreal sales up 12 per cent last month

Realtors in the Montreal CMA have reported a strong start to the year’s sales with 2,153 completed in January, up 12 per cent from a year earlier. The gains are the latest in an 11-month streak for the area. Single-family homes saw the largest increase in January sales, up 14 per cent; condos were up 10 per cent; and plexes gained 8 per cent.

Prices edged higher with single-family homes up 1 per cent to a median $280,000; condos were up 3 per cent at $238,000; plexes were up 3 per cent at $441,250. Inventory fell by 3 per cent.

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