Signs advertising houses for sale are shown in Montreal, Friday, March 4, 2022.THE CANADIAN PRESS/Graham Hughes
MONTREAL – The Quebec Professional Association of Real Estate Brokers says Montreal’s February home sales hit a new low last month, dropping 32 per cent from the prior February.
Sales for the month totalled 2,996 compared with 4,375 a year ago.
Despite the all-time low sales in February and a share rise in the number of properties that have yet to find a buyer, the board says most Montreal properties are selling for their listed price or slightly above.
The median price for a single-family home was $515,000, down six per cent from a year ago.
Condos sold at a median price of $380,000, a decrease of four per cent from last February.
Active listings were up 64 per cent, reaching 15,893 last month.
This report by The Canadian Press was first published March 6, 2023.
