The Professional Association of Real Estate Brokers in the Quebec region (APCIQ) said that home sales of various categories in the Montreal area decreased by 4.34% in December 2023 compared to the same month in 2022.

The association clarified that the total home sales reached 2,096 units last month, compared to 2,191 units in December 2022.

The Montreal area witnessed an overall sales decrease of 14% during the entire past year.

As in the entire Quebec province, home sales decreased by 2% in December compared to the same month in 2022, reaching 4,476 units.

For the entire year of 2023, the total sales across the province declined by 13% compared to its 2022 level.

Regarding prices, the average selling price of a detached house in the Montreal area in December reached $535,000, an increase of 4.90% from its $510,000 level a year ago.

The average selling price of a condominium reached $391,000, an increase of 4.27% from its $375,000 level a year ago.

As for homes containing between two and five units (plex), which are considered income-generating properties, the average selling price reached $699,000, an increase of 2.04% from its $685,000 level a year ago.

In 2023, total sales of detached houses in the Montreal area reached 1,052 units, down 5.23% from the 1,110 units sold in 2022, while total condominium sales reached 777 units, down 9.97% from the 863 units sold in 2022.

Total sales of homes with between two and five units (plex) in 2023 in the Montreal area reached 264 homes, an increase of 22.79% from the 215 homes of that category sold in 2022.

Also, the number of active listings in the Montreal area in December reached 15,907 homes of various categories, 19% higher than its level a year ago, while new listings increased by 12% to 2,542 homes.