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Montreal’s June home sales up from year ago to mark 40 months of growth

A sale signs stand in front of a condominium. THE CANADIAN PRESS/Ryan Remiorz

The Greater Montreal Real Estate Board says home sales in the city for June were up one per cent compared with the same month last year, marking a record 40 consecutive months of rising home sales.

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The board says sales totalled 4,081 for the month, up from 4,055 in June 2017.

The increase came as sales of single-family homes slipped about two per cent to 2,290 compared with 2,342 a year ago, while condominium sales increased seven per cent to 1,383 compared with 1,292.

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Sales of plexes, which include two to five units, fell three per cent to 404 compared with 415 in the same month last year.

The median price of a single-family home edged up one per cent to $325,089 compared with $322,750 a year ago, while the median condominium price was $256,000, up from $255,000. The median plex price rose seven per cent to $507,000 compared with $475,000.

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The increase in sales came as the number of active home listings fell 17 per cent compared with a year ago to 22,333 compared with 26,866 in June last year.

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