Courtier Immobilier Montréal Yanick E Sarrazin

Real estate statistics December 2024: Montreal real estate market on the rise

Real estate statistics

Real estate statistics December 2024: Montreal real estate market on the rise

Our Montreal real estate brokers have analyzed the latest APCIQ real estate statistics, covering the month of December 2024. The purpose of this study is to assess trends in the Montreal real estate market over the past year, by comparing data obtained in December 2024 with that obtained in December 2023. For a more detailed analysis, our real estate brokers have structured their observations into three main categories: single-family homes, divided and undivided co-ownerships, and plexes (2 to 5 units).

Overview of the Montreal real estate market

*Based on APCIQ real estate market statistics

Single-family homes

Sales of single-family homes rose by 51%, from 193 to 291 transactions. Prices also rose slightly, by 6%, from $689,900 to $760,000. The average selling time decreased from 66 to 60 days, a reduction of 6 days.

Divided and undivided co-ownerships

Sales of divided and undivided co-ownerships rose dramatically by 52%, from 444 to 675 transactions. The median price also rose, from $445,000 to $465,000, an increase of 4%. Finally, the average sale time rose from 74 to 75 days.

Plexes (2 to 5 units)

The plex market also experienced significant growth of 51%, from 156 to 235. The median price rose from $767,000 to $840,000, an increase of 10%. Finally, the average sale time increased by one day, from 77 to 78 days.

These statistics testify to the dynamism and growth of the Montreal real estate market. If you’re ready to launch your real estate project, don’t hesitate to contact us today to benefit from the expertise of our real estate specialists.

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