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Montreal home sales on upswing in March as prices rise

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The Quebec Professional Association of Real Estate Brokers says Montreal-area home sales rose 14.2 per cent in March compared with the same month last year.

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The association says home sales in the region totalled 4,488 for the month, up from 3,930 in March 2023.

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But it says this level of transactional activity remains under the historical average recorded for this time of year.

The median price for all housing types was up year-over-year, led by a 5.6 per cent rise for the price of a single-family home at $565,000 last month.

Meanwhile, the median price for a plex rose 5.5 per cent to $750,000 and the median price for a condominium rose 4.9 per cent to $400,000.

Active listings for March jumped 17.1 per cent compared with a year earlier to 18,707, while new listings rose 10.4 per cent to 6,973.

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