The Latest Montreal Real Estate Sales February 2018
The latest Montreal real estate sales February 2018 shows a 5 per cent increase compared to February of last year and the best month of February since 2012. Five of the six main areas of the Montréal CMA registered an increase in sales. The Island of Montréal posted significant increases of +5 per cent.
Condominiums sales increased by 14 per cent in February, single family home sales +1% and plexes +3%. The median single-family home prices across the Montréal CMA was $310,000 in February, up 6 per cent compared to February 2017. The price of condominiums grew by 5% as half of all units sold were over 250,000$. The median price pf plexes reached $481,500.
The cited reason for these market conditions is the tighter supply. with the inventory of active listings down 17% compared to last year.
Information Via Centris and QFREB