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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.

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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.

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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.

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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