For several years, Montreal real estate strongly favored sellers due to limited inventory and high demand. The latest statistics suggest the market may be slowly shifting.
In February, 3,930 residential transactions occurred, slightly below last year’s level. At the same time, the number of properties available for sale increased significantly.
More Options for Buyers
Inventory climbed by more than 12 percent year over year, while new listings increased by over 13 percent.
Buyers who previously faced bidding wars and limited options may now find new opportunities.
Sellers Still Benefit from Price Growth
Median prices now stand at:
- $639,000 for single family homes
- $430,000 for condominiums
- $850,000 for plexes
These price increases highlight the continued long-term strength of the Montreal housing market.
A Market in Transition
Rather than a sharp slowdown or a rapid surge, Montreal appears to be entering a transition period. More supply combined with stable demand could create healthier conditions for both buyers and sellers in the months ahead.
Call 514-777-1535 or e-mail christopher@CCMRealty.ca for a personalized property evaluation or market consultation.