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3mo ago

Montreal Home Sales Jump 15.5% in June as Prices Climb 7%

Active listings rose by 1.8% thanks to expanding condominium inventory despite continuing shortages in single-family and plex markets.

Montreal-area home sales were up in June compared with the same month a year ago, as prices rose around seven per cent across all housing types. A real estate sign is posted outside a home in Pointe-Claire, a city in Montreal's West Island, Tuesday, May 7, 2024. THE CANADIAN PRESS/Christinne Muschi

Overview

  • Montreal-area homes posted 4,385 sales in June, marking a 15.5% gain over last year.
  • Active listings reached 18,122 units, up 1.8% from June 2024 driven by more condominium offerings.
  • New listings totaled 5,654, reflecting a 6.4% year-over-year increase as sellers brought additional properties to market.
  • The median price of a single-family home rose 7.4% year over year to $627,000.
  • Median plex prices increased 7.1% to $830,000, and condo values advanced 6.6% to $426,494.