Île-des-Sœurs, February 6, 2012 – MLS® sales in the Montréal Metropolitan Area increased by 1 per cent in January 2012 compared to January 2011, according to the Greater Montréal Real Estate Board (GMREB). This was the eighth consecutive increase in existing-home sales.
“The Vaudreuil-Soulanges area stood out for a fourth consecutive month with a 25 per cent increase in MLS® sales,” said Diane Ménard, Vice-President of the GMREB Board of Directors. “This was a new sales record for a month of January,” she added.
While sales of single-family homes decreased slightly by 1 per cent, condominium sales continued to gain momentum with an increase of 3 per cent. In fact, January 2012 was the 22nd consecutive month in which condominium sales outperformed the other property categories. Plex sales increased by 2 per cent in January 2012 compared to the same period last year.
As for prices, all three property categories registered an increase in median price in January 2012 compared to January 2011. The median price of single-family homes reached $262,500 (+4 per cent), that of condominiums reached $220,000 (+5 per cent) and that of plexes reached $399,500 (+3 per cent).
The number of active listings throughout the Montréal Metropolitan Area increased by 11 per cent compared to January 2011. In total, more than 26,000 residential properties were available to buyers in January, the most generous supply of properties in the past five years.