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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