Montreal 2024 Real Estate Market Update: Home Prices Surge, Sellers Market Expands!
Wednesday, November 6, 2024
The Montreal real estate market is heating up! In this month’s market update, we talk about the latest October stats, revealing a significant price increase and strong sales activity.
Single-family home prices have surged by 8% compared to last year, reaching an average of $797,000. The market is now a seller’s market up to $1.5 million, with multiple offers and increased demand across the board. Condos are also performing well, with prices up by 2% and a 177% increase in sales year-over-year.
With a strong early spring market predicted, now might be the perfect time to consider buying or selling.
If you're considering selling your property, want to move to Montreal or would like to explore your options further, we encourage you to reach out to schedule a no-obligation, private consultation. As your dedicated real estate advisors, we are here to provide expert guidance and support to help you achieve your goals.