Montreal-area home sales continued surge in December with 54% annual jump, real estate board says

The Quebec Professional Association of Real Estate Brokers says Montreal-area home sales continued climbing in December, with 54.1 per cent more properties changing hands compared with the same month a year earlier.

The association says home sales in the region totalled 3,193 for the month, up from 2,072 in December 2023, and marking the third straight month with a year-over-year increase of more than 40 per cent.

The median price for all housing types was also up year-over-year, led by a 13.5 per cent gain in the price for a plex at $794,500. The median price of a single-family home rose 8.4 per cent to $580,000 and the median price of a condominium increased 7.2 per cent to $419,550.