12 Apr Montreal Real Estate Performance March 2018
Info via Centris
Montreal Real Estate Performance March 2018
Montreal real estate performance March 2018 according to Centris, showed the 37th consecutive increase in sales and the best month of March in eight years. Sales on the Island of Montréal were up +7 per cent from March 2016. While sales of single-family homes remained unchanged, condominiums stole the spotlight with a strong sales increase of 19 per cent.
Mathieu Cousineau, President of the GMREB Board of Directors said “The condominium resale market is booming in the Montréal area.”
Prices of single-family homes across the Montréal CMA were up 5% from March of last year. More than half of all condominiums sold for more than $240,000. Plexes registered the largest increase, as they enjoyed a prices jump of 9% to reach $495,000.
Part of the story behind these numbers is about the 16% drop in inventory compared to one year earlier
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