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Centris® Residential Sales Statistics: March 2018

The Greater Montréal Real Estate Board (GMREB) just released its latest statistics for  Montréal Census Metropolitan Area's housing market.

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The Greater Montréal Real Estate Board (GMREB) just released its latest statistics for  Montréal Census Metropolitan Area’s housing market.

5,656 residential sales were recorded in March 2018, a 6% increase compared to March 2017. This was the highest sales volume recorded for the month of March in the past 8 years, and the 37th consecutive increase.

There were 26,395 active residential listings on the Centris® system in March – a 16% drop compared to March of last year.

  • The median price of single-family homes across the Montréal CMA currently stands at $314,900, a 5% increase year over year.
  • The median price of condominiums remained stable, at $240,000.
  • Plexes saw the largest increase, a 9% jump in their median price to $495,000.

Sales by geographic area

  • Sales increased in the South Shore (+10%), Laval (+9%), the Island of Montréal (+7%) and the North Shore (+6%).
  • Sales decreased in Vaudreuil-Soulanges (-10%) and Saint-Jean-sur Richelieu (-9%.
  • The South Shore’s condo market stood out, where sales jumped by 37%.

Sales by property category

  • Sales of single-family homes remained unchanged
  • Sales of plexes (2 to 5 dwellings) increased by 3%
  • Condominiums recorded the strongest sales increase in March, rising by 19%.

About the Greater Montréal Real Estate Board

The GMREB is a non-profit organization bringing together more than 9000 real estate brokers. It is the second largest real estate board in Canada.

Related Links

http://www.cigm.qc.ca


This article, Centris® Residential Sales Statistics: March 2018, appeared first on Shupilov News.

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