Recent statistics reveal three trends as the spring market approaches:
- Sales Are Stabilizing – February recorded 3,930 residential sales, a small year-over-year decline of 3%, suggesting a more balanced market.
- Prices Continue to Increase – Median prices for single family homes reached $639,000, condos $430,000, and plexes $850,000. Plexes remain the fastest-growing segment.
- Inventory Is Growing – New listings rose by over 13%, giving buyers more options than previous years.
Spring is the busiest season in Montreal real estate. Planning ahead ensures buyers and sellers make the most of current market conditions.
Call 514-777-1535 or e-mail christopher@CCMRealty.ca for a personalized consultation.