The Quebec Skilled Affiliation of Actual Property Brokers says Montreal-area dwelling gross sales surged 25.5 per cent in April in contrast with the identical month final 12 months, with ranges returning to historic averages.
The affiliation says dwelling gross sales within the area totalled 4,688 for the month, up from 3,734 in April 2023.
The median worth for all housing sorts was up year-over-year, led by a 6.5 per cent rise for the value of a single-family dwelling at $575,000 final month.
In the meantime, the median worth for a plex rose 4 per cent to $754,000 and the median worth for a condominium rose 2.7 per cent to $400,598.
QPAREB market evaluation director Charles Brant says there was a “very reactive restoration” in April as a result of expectation of an “imminent return to a downward cycle in rates of interest” and worth progress out there that might comply with.
Lively listings for April jumped 19 per cent in contrast with a 12 months earlier to 18,932, whereas new listings rose 33.1 per cent to 7,099.
This report by The Canadian Press was first printed Could 6, 2024.
