The latest residential statistics from the Quebec Professional Association of Real Estate Brokers show that the Montreal real estate market is entering a period of stabilization as the spring market approaches.
In February, 3,930 properties changed hands across the Montreal CMA, representing a small decline of about 3 percent compared to last year. While sales activity softened slightly, prices continued to move upward across all major property categories.
Prices Continue to Climb
Median prices reached:
- Single family homes: $639,000 (+6.5%)
- Condominiums: $430,000 (+2.4%)
- Plexes: $850,000 (+7.6%)
The strongest growth continues in plex properties, which remain highly desirable for both investors and owner-occupants.
More Listings Enter the Market
New listings increased by 13.3 percent, while total inventory rose by 12.1 percent, giving buyers more options compared to the tight conditions seen over recent years.
What This Means for Buyers and Sellers
Sellers continue to benefit from price growth. Buyers can enjoy more choices and potentially less pressure compared to previous years.
Looking Ahead to Spring
Spring is traditionally the busiest season in Montreal real estate. Preparing ahead can help you achieve the best possible outcome.
Call 514-777-1535 or e-mail christopher@CCMRealty.ca for a personalized market consultation.