November 8, 2019

New Sales Record in Quebec in 3rd Quarter

A total of 21,662 sales (+16%) were concluded in Quebec from July to September, setting a new third quarter sales record!

Increase in sales in Quebec

All three property categories registered an increase in sales in the third quarter of the year in the province of Quebec:

• Condominium: +19 per cent

• Plex: +19 per cent

• Single-family home: +14 per cent

All of the province's metropolitan areas registered an increase in residential sales:

• Quebec City: +24 per cent

• Trois-Rivières: +22 per cent

• Gatineau: +18 per cent

• Montreal: +13 per cent

• Saguenay: +13 per cent

• Sherbrooke: +12 per cent

Drop in the number of properties for sale

There was an average of 54,522 properties for sale across Quebec in the third quarter of the year. This represents a 12 per cent decrease compared to the third quarter of last year.

The largest decreases in supply were in the Gatineau (-23 per cent), Montreal (-21 per cent) and Sherbrooke (-17 per cent) CMAs.

Prices also on the rise

The median price of single-family homes across the province stood at $255,000 in the third quarter of 2019, a 3 per cent increase year-over-year.

The median price of condominiums increased by 6 per cent.

To see detailed statistics for the province's real estate market in the 3rd quarter of the year, read the press release published by the Quebec Professional Association of Real Estate Brokers.

See also:

Unparalleled Visibility With a Real Estate Broker

Brokers Have Access to Exclusive Technology Tools

The 10 Qualities of a Real Estate Broker

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