14 Nov October Real Estate Market Highlights

Feature photo©Bonnie Meisels

October Real Estate Market Highlights

October real estate market highlights confirm for the Island of Montreal:

Total sales:   Sept 2019:  1625   Sept 2018: 1,512  Increase of 7%
New listings:                     2,206                       2,273  Decrease of -3%
Active listings:                  6,384                      7,534  Decrease of  -15%
Sales volume:     $779,666,573      $646,188,403   Increase of  21%

Sales by property category:

Single-family homes

Sales:                      Sept 2019    489      Sept 2018  434  Increase of  13%
Active listings :                       2,048                       2,092  Decrease of  -2%
Median price:                  $528,000                $520,000 Increase of  2%
Average selling time (days):      53                              55 Decrease of  -2

Condominiums

Sales:                                           816                            810 Increase of   1%
Active listings:                       3,183                        3.964 Decrease of  -20%
Median price:                  $355,250                 $329,500 Increase of   8%
Average selling time (days):     60                               78 Decrease of  -18

Plex (2-5 units) 

Sales:                                          320                             268 Increase of  19%
Active listings:                        1,153                          1,478 Decrease of  -22%
Median price:                 $611,200                   $564,250 Increase of   8%
Average selling time (days):     73                                33 Increase of  10

The overall themes across all property categories are higher prices and much less inventory, especially across the plex and condominium categories.

Read the Montreal Real Estate Barometer 3rd Quarter produced by QPREB

Read the full Montreal September real estate market highlights via the APCIQ Report

Montreal condos downtown are also attracting the ultra wealthy,  watch the youtube video below and check out some of the real estate numbers

Montreal house prices keep going up

Uploaded by Montreal Gazette on 2019-10-25.