Latest Market Statistics
3rd quarter of 2018, sales increased for a 17th consecutive quarter across the Montreal Metropolitan Area, where 9,613 properties exchanged hands, up 5% from same period of 2017.
Median prices continued to rise for all property categories:
6% for Single family homes (335,000$)
4% for Condominiums ( 262,900$)
9% Plexes 2-5 dwellings (520,000$)
A drop in active listings was pronounced across all property categories, thus giving sellers the upper hand in negotiations. Average selling times continued to shorten: 76 days for a house, 99 days for a condo and 78 days for a plex.
It’s crucial you know your borrowing capacity so that you are effective in your home search and be competitive when presenting an offer to purchase.
Alerts for New
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