Montreal home sales up three per cent in December: real estate board

MONTREAL — The Greater Montreal Real Estate Board says home sales in Quebec’s largest city climbed higher in December to hit a new record for the month.

The board says there were 2,825 home sales in Montreal in December based on the Centris provincial database, up three per cent from 2,755 in December 2017.

It says it was the 46th consecutive monthly sales increase.

Sales of single-family homes rose three per cent to 1,491 compared with 1,441 a year ago, while condominium sales increased two per cent to 993 compared with 973 a year earlier.

Sales of plexes, which include two to five units, slipped to 336 compared with 339 in December 2017, while the median plex price was up eight per cent at $525,000.

The median single-family home price increased seven per cent to $327,450, while the median condominium price rose three per cent to $272,863.

The Canadian Press