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Home sales up 14 per cent in the Montreal area

Montreal area home sales rose 14 per cent in September, 2019. Graeme Roy / The Canadian Press

Montreal area home sales rose 14 per cent in September compared with last year as home prices climbed.

The Quebec Professional Association of Real Estate Brokers says there were 3,659 residential sales last month to hit a September record.

It says the median price for a detached home rose six per cent to $354,990, while median condo prices were up 10 per cent to $290,000.

READ MORE: Luxury real estate sales rise in Toronto, Montreal; fall in Vancouver

The association says September marks the third month of double-digit sales growth, a feat not seen since 2003.

The number of listings fell for a 48th consecutive month to 16,830, a 21 per cent decline from last year for the largest September drop since 2000.

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READ MORE: Montreal home sales rise 8 per cent in February — four years of growth

The association says the average selling time for a detached home was 62 days, a 15-day drop from last year, while condos sold in an average of 72 days, down five days.

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