Greater Montreal home sales in August up eight per cent from year ago

The Greater Montreal Real Estate Board says August home sales in the region were up eight per cent compared with the same month last year, hitting a new record.

The board says there were 3,224 home sales last month, up from 2,972 a year ago, marking the 41st consecutive month of rising home sales.

The increase came as single-family home sales increased five per cent to 1,777 compared with 1,685 in August last year, while condominium sales grew 12 per cent to 1,125, up from 1,004.

Sales of plexes, which include two to five units, totalled 318, up from 279 in August 2017.

The median price of a single-family home was $333,000, up from $318,000 a year ago, while the median condominium price was $260,000, up from $250,000. The median plex price was up 10 per cent at $515,000 compared with $470,000 a year ago.

The number of active listings was down 16 per cent at 20,940, while new listings were down two per cent at 4,785.