Montreal CMA home sales edged higher in March

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.

Residential Statistics – Montreal CMA

 

March 2019

Sales

2019

2018

Variation

Total residential

5,710

5,631

1%

Single-family

3,203

3,209

0%

Condominium

2,079

1,975

5%

Plex (2-5 dwellings)

422

445

-5%

 

 

 

 

Median price

2019

2018

Variation

Single-family

$331,000

$ 314,859

5%

Condominium

$248,000

$240,000

3%

Plex

$500,000

$ 500,000

0%

 

 

 

 

Sales volume

2019

2018

Variation

Total residential

$2,123,221,897

$1,998,525,502

6%

 

 

 

 

Listings

2019

2018

Variation

Active

22,430

26,296

-15%

New

7,508

7,754

-3%

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