Montreal home sales continue surge in December with 54% annual jump: board

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.

There were 2,724 new listings in the Montreal area last month, up 10.9 per cent from a year earlier.

Active listings for December dipped 0.8 per cent compared with a year earlier to 14,706.

A National Bank report on the latest data estimates that seasonally adjusted home sales rose 2.8 per cent from November to December, the eighth consecutive monthly increase. Meanwhile, cumulative sales in 2024 were up 20.5 per cent from 2023, the highest level of activity since 2021.