23 Oct September Real Estate Market Highlights

September Real Estate Market Highlights

September’s real estate market highlights for the Island of Montreal

Total sales:   Sept 2019:  1,435   Sept 2018: 1,316  Increase of 9%
New listings:                     2,261                       2,174  Increase of 4%
Active listings:                  6,435                     7,587  Decrease of  -15%
Sales volume:     $779,666,573      $646,188,403   Increase of 21%

Sales by property category:

Single-family homes

Sales:                      Sept 2019    401      Sept 2018  383  Increase of  5%
Active listings :                       2,088                       2,066 Increase of  1%
Median price:                  $532,000                $495,000 Increase of  7%
Average selling time (days):      53                              62 Decrease of  -9

Condominiums

Sales:                                           766                            703 Increase of   9%
Active listings:                       3,200                        4,084 Decrease of  -22%
Median price:                  $356,750                 $325,000 Increase of   10%
Average selling time (days):     69                               85 Decrease of  -16

Plex (2-5 units) 

Sales:                                          268                             230 Increase of  17%
Active listings:                        1,147                          1,437 Decrease of  -20%
Median price:                 $615,000                  $565,000 Increase of   9%
Average selling time (days):     57                                73 Decrease of  -16

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

Read the full report for Montreal Island

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

According to an article “The boom continues for one of Canada’s hottest housing markets”,  some 3,527 homes changed hands across the Montreal census metro area last month, an increase of 10 percent compared to the same time a year ago.

It was the 54th consecutive month that the market had shown year-over-year growth in terms of sales.

Read the full article:

The boom continues for one of Canada’s hottest housing markets

For four-and-a-half years, Montreal’s housing market has been on a tear, and it showed no signs of stopping in August. Some 3,527 homes changed hands across the Montreal census metro area last month, an increase of 10 percent compared to the same time a year ago.