16 Oct Montreal Market Highlights September 2020

Montreal Market Highlights September 2020

Montreal Market Highlights September 2020 as a continued sellers market. According to Centris, “With an average selling time of only 46 days in the Montreal area, a new record has been broken for a month of September, reflecting extremely tight market conditions in favour of sellers, including for properties that are less desirable in normal times.”

The Island of Montreal had a 28 per cent rise in sales, surpassing Vaudreuil-Soulanges (+22 per cent) this month.

In September, with inventories remaining low, sales across the Montreal CMA for single family homes posted the largest jump in sales at 47% . Sales of condominiums saw an increase of 39% and plexes 27%.

All three categories set new records in price. The median price for single family homes increased by 21% to $430,00.00. The median price for condominiums reached $318,000 and plexes, $610,000.

Inventories remained low with a 16% decrease since last year. The one area that showed  a very significant increase in active listings were condominiums on the Island of Montreal (+41 per cent)

Click here to see the full report and September stats for Quebec 

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Canadian Real Estate Prices Make Biggest Jump In The G7, During The Pandemic

Chart Via Better Dwelling