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.