With spring officially here, many buyers and sellers are wondering what the latest market statistics mean for their plans. February’s numbers provide a helpful snapshot of where the market currently stands.
The Market at a Glance
- 3,930 properties sold in February
- Median single family home price: $639,000
- Median condo price: $430,000
- Median plex price: $850,000
Prices continued to rise even as transaction activity slowed slightly compared to last year.
Buyers
The increase in available listings gives buyers more flexibility. More inventory can translate into better negotiation opportunities and less urgency compared to peak years.
Sellers
Price growth remains encouraging. Even with more competition, property values remain strong.
Timing the Spring Market
Spring is traditionally the most active season in Montreal real estate. Preparing early can make a major difference in achieving the best possible outcome.
Call 514-777-1535 or e-mail christopher@CCMRealty.ca for a personalized market consultation.