Montreal Real Estate Market Update May 2018

Montreal Real Estate Market Update May 2018

Montreal Real Estate Market Update May 2018

The Montreal real estate market update for May 2018 shows we continued to set a new sales record.  The biggest news is the continuation of a tight supply of inventory which has directly impacted sales.

“The number of properties for sale continued its downward trend. In May, there were 24,501 active
residential listings in the Centris system, which represents a 16 per cent drop compared to one year
earlier.
“The number of condominiums for sale in the Greater Montréal area fell by about 22 per cent in May. A
drop like this has not been seen in nearly 15 years,” said Mathieu Cousineau, President of the GMREB
Board of Directors. “With strong demand and a decrease in supply, as we have been seeing for several
months now, the condominium segment – against all expectations – is on the verge of moving into a
seller’s market too,” added Mr. Cousineau.

Read the full Centris report below

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Watch the Centris Sales Video for May 2018

 

Bonnie Meisels
buymontrealrealestate@gmail.com
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