
13 Jan December Real Estate Market Highlights 2019
December Real Estate Market Highlights 2019
According to the latest Centris report it was
“An Exceptional End to the Year in the Montreal CMA With the Most Active Month of December on Record”
December 2019 real estate market highlights confirm for the Island of Montreal:
Year To Date Sales: Dec 2019: 18983 Dec 2018: 18294 Increase of 4%
Active listings: 6744 8044 Decrease of -16%
New listings: 25208 25972 Decrease of -3%
Sales volume: $9,771,701,303 $8,793,487,655 Increase of 11%
Sales by property category:
Single-family homes
Sales: Dec 2019 1,808 Dec 2018 1,477 Increase of 21%
Active listings : 7,894 9,592 Decrease of -6%
Median price: $549,500 $466,500 Increase of 18%
Average selling time (days): 62 72 Decrease of -10
Condominiums
Sales: 718 586 Increase of 23%
Active listings: 2551 3455 Decrease of -26%
Median price: $360,000 $320,000 Increase of 13%
Average selling time (days): 73 85 Decrease of -12
Plex (2-5 units)
Sales: 284 239 Increase of 19%
Active listings: 928 1293 Decrease of -28%
Median price: $652,000 $575,000 Increase of 13%
Average selling time (days): 70 74 Decrease of -4
The overall themes across all property categories are higher prices and much less inventory, especially across the plex and condominium categories.
Check out this recent video by the Montreal Gazette
Montreal house prices keep going up
Uploaded by Montreal Gazette on 2019-10-25.
Read the Montreal Real Estate Barometer 3rd Quarter produced by QPREB
Read the full Montreal December real estate market highlights via the APCIQ Report
Things are looking up for real estate markets heading into 2020
After a disappointing 2018, when housing prices and sales declined, 2019 has been a year of resilience for housing markets across most of Canada. Not only did sales numbers stabilize and resume an upward climb, but prices also demonstrated some strength.
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