Year Ends With a Drop in Sales

Île-des-Sœurs, January 22, 2013 – According to the real estate brokers’ Centris ® provincial database, sales in the Montréal Census Metropolitan Area (CMA) decreased by 19 per cent in December 2012 compared to December of last year, said the Greater Montréal Real Estate Board (GMREB). This was the fifth consecutive monthly decrease in sales.

All of the Montréal CMA’s main areas registered a drop in sales in December. Sales fell by 39 per cent in Vaudreuil-Soulanges, by 20 per cent in Laval, by 19 per cent on the North Shore, by 18 per cent in Montréal and by 14 per cent on the South Shore.

In terms of sales by property category, single-family homes, condominiums and plexes all registered a decrease in sales compared to December of last year, with respective drops of 13, 29 and 18 per cent.

As for prices, the median price of single-family homes increased by 4 per cent ($271,000) compared to December 2011, while that of condominiums grew by 8 per cent ($240,000). The median price of plexes fell by 1 per cent to reach $402,000.

The number of active listings in the Montréal Metropolitan Area increased by 9 per cent over last December. In total, more than 25,000 residential properties were available to buyers in December 2012.

MLS ® Home Price Index for December 2012

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About the Greater Montréal Real Estate Board

The Greater Montréal Real Estate Board is a non-profit organization with more than 10,000 members: real estate brokers. It is the second largest board in Canada and its mission is to actively promote and protect its members’ professional and business interests in order for them to successfully meet their business objectives.

About Centris ®

Centris ® , a division of the Greater Montréal Real Estate Board, offers technology resources to Québec’s 12 real estate boards and their 14,000 real estate brokers. ® is Québec’s real estate industry website for consumers, grouping all properties for sale by a real estate broker under the same address.

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Amir Sam

Amir Sam

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CENTURY 21 Immo-Plus
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