Overview

• 4,992 homes changed hands in the Montreal area last month, up from 4,532 in May 2024.
• The median price for single-family homes climbed 8.7 percent to $625,000 while plexes and condominiums increased to $825,000 and $427,500 respectively.
• This marks the third straight month of year-over-year sales gains despite mortgage rates remaining unchanged and ongoing economic uncertainty.
• About one in seven properties sold above the asking price in May, reflecting strong buyer demand.
• There were 7,596 new listings and 18,920 active properties on the market, offering more options than a year earlier.