Sales Increase and Inventory Decreases in February
In total, 10,621 residential sales transactions were concluded in Quebec in February 2021, a 6 per cent increase compared to February of last year, while the number of active listings continued to plummet, falling by 45 per cent. New listings also decreased in February, falling by 9 per cent compared to February of last year.
In terms of sales by property category, sales of plexes (2 to 5 dwellings) increased significantly, jumping by 45 per cent compared to February of last year. Sales of condominiums rose by 16 per cent, while sales of single-family homes fell slightly by 1 per cent.
As for median prices, single-family homes registered the largest increase at 23 per cent. This was followed closely by condominiums, with a 20 per cent increase in median price. In contrast, the median price of plexes fell by 6 per cent.
Here is the median price of single-family homes in the province's six CMAs in February 2021, as well as their variation as compared to February of last year.
- Montreal: $460,000 (+28 per cent)
- Gatineau: $370,000 (+34 per cent)
- Quebec City: $295,000 (+13 per cent)
- Sherbrooke: $296,500 (+35 per cent)
- Saguenay: $211,000 (+ 21 per cent)
- Trois-Rivières: $215,000 (+28 per cent)
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