
07 Mar Montreal February 2020 Market Data
Photo by ©Bonnie Meisels
Montreal February 2020 Market Data
Montreal February 2020 market Data shows for the Island of Montreal a continued sellers market with certain categories of properties in bidding wars resulting in well over asking price territory. Of course, the extent to which depends on the category and location of the property.
Island of Montreal Sales: Feb 2020: 1742 Feb 2019: 1487 Increase of 17%
Active listings: 7175 7657 Decrease of -6%
New listings: 2366 2574 Decrease of -8%
Sales by property category:
Single-family homes
Sales: Feb 2020 525 Feb 2019 407 Increase of 29%
Active listings : 2270 2096 Increase of 8%
Median price: $571,800 $460,000 Increase of 24%
Average selling time (days): 59 62 Decrease of -3
Condominiums
Sales: 931 851 Increase of 9%
Active listings: 3592 4085 Decrease of -26%
Median price: $380,000 $325,000 Increase of 17%
Average selling time (days): 57 75 Decrease of -18
Plex (2-5 units)
Sales: 286 229 Increase of 25%
Active listings: 1313 1476 Decrease of -11%
Median price: $651,500 $588,000 Increase of 11%
Average selling time (days): 56 75 Decrease of -19
The overall themes across all property categories are higher prices, less inventory, especially across the plex and condominium categories where bidding wars are common
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