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.