Montreal real estate market sees dynamic start to 2024 as February home sales jump – Montreal [Video]

The Quebec Professional Association of Real Estate Brokers says Montreal-area home sales jumped 30 per cent in February compared with the same month a year earlier, but sales activity remained slightly below the historical average for this time of year.

The association says home sales in the region totalled 3,843 for the month, up from 2,955 in February 2023.

The median price for all housing types was up year-over-year, led by a seven per cent rise for the price of a single-family home at $550,000 last month. Meanwhile, the median price for a condominium and a plex both increased by four per cent, to $395,000 and $739,500, respectively.

Active listings for February jumped 18 per cent compared with a year earlier to 18,110, while new listings rose 32 per cent to 6,769.

QPAREB market analysis director Charles Brant says the increase in active listings on the market “has been quickly …