Montreal smashes sales record
December 31, 2018
Montreal has set a new home sales record as November transactions through the Greater Montreal Real Estate Board hit 3,630 units. This was a record high for November and the 45th consecutive month for an increase in home sales.
Five of the six main areas of the Montreal CMA registered an increase in sales in November—in every residential sector. Condo sales were up 10 per cent from a month earlier, while sales of detached houses rose 6 per cent.
The median price of single-family homes and condominiums across Greater Montreal increased by 5 per cent year over year, to reach $334,000 and $264,900, respectively.
In November, there were 21,089 active residential listings—an 18 per cent drop compared to one year earlier.