Despite a Drop in Sales, Prices Continue to Climb

Île-des-Sœurs, February 11, 2009 - MLS® real estate sales in the Montréal Metropolitan Area declined by 37 per cent in January 2009 compared to the same month last year while, at the same time, median prices of single-family homes increased by 3 per cent, reported the Greater Montréal Real Estate Board.

"It's obvious that the sales decline is mostly due to a drop in consumer confidence," said Michel Beauséjour, FCA, Chief Executive Officer of the GMREB. "It's not surprising to see this decline, even though the real estate market has been quite solid for the last 30 years or so, which is as far back as our statistics go.

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Marlene Ofter

Marlene Ofter

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CENTURY 21 Max-Immo
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