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