(Montreal) Home sales in the Montreal region continued to climb in December, with 54.1% more properties changing hands compared to the same month a year earlier, according to the Professional Association of Real Estate Brokers of Quebec (APCIQ).
Posted at 3:41 p.m.
Property sales in the metro area totaled 3,193 for the month, up from 2,072 in December 2023, and marking the third consecutive month with a year-over-year increase of more than 40%.
The median price of all types of housing also increased year over year, led by a 13.5% increase in the price of a plex to $794,500. The median price of a single-family home increased 8.4% to $580,000 and the median price of a condominium rose 7.2% to $419,550.
Last month, 2,724 new registrations were recorded in the Montreal region, an increase of 10.9% compared to the previous year.
Effective registrations for December decreased 0.8% from the previous year to 14,706.
A National Bank report on the latest data estimates that seasonally adjusted home sales grew 2.8% from November to December, the eighth consecutive monthly increase. Meanwhile, cumulative sales in 2024 increased by 20.5% compared to 2023, the highest level of activity since 2021.
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