Barometers, Residential Market, 4th Quarter of 2019
The fourth quarter ends the year on a high note and lifts 2019 to a new sales record in the province of Quebec.
The year 2019 ended on a high note as 22,260 transactions were concluded in the province of Quebec in the fourth quarter of the year. This was a 19 per cent increase compared to the fourth quarter of 2018.
For the year 2019 as a whole, 96,507 transactions were concluded, a 12 per cent jump compared to 2018. The was the fifth consecutive annual increase in sales, and a new record that surpassed the 86,450 transactions that were concluded in 2018.Condominiums stood out in the 4th quarter of 2019 with a 22 per cent increase in sales, while sales of single-family homes and plexes registered gains of 17 per cent and 21 per cent, respectively.
The median price of single-family homes across the province stood at $265,000 in the fourth quarter of 2019, up 6 per cent compared to the same period in 2018. Median prices were also on the rise for condominiums ($260,000, +6 per cent) and plexes ($442,000, +4 per cent).
Finally, the supply of properties for sale across the province fell by 14 per cent in the fourth quarter of 2019 compared to fourth quarter of 2018.