How the Montreal Real Estate Market Favors Sellers in 2024
Published on 30/08/2024
How the Montreal Real Estate Market Favors Sellers in 2024
In 2024, the Montreal real estate market is gaining momentum. Statistics show a significant increase in sales and prices, making it an ideal time to sell your property.
Growth in Sales and Prices
Residential sales in Montreal have increased by 12% in the second quarter of 2024, while the total transaction volume has risen by 17%. Single-family homes and condos are particularly in demand, making this market highly favorable for sellers.
- Total residential sales: 14,606 (+ 12%)
- Transaction volume in thousands of dollars: $10,027,664 (+ 17%)
A Seller's Market
Limited inventory and high demand place sellers in a strong position. For example, the Island of Montreal saw a 20% increase in new listings, but the demand still exceeds the supply.
Tips to Maximize Your Sale
To maximize your sale, consider minor renovations and professional home staging. These strategies can increase your property's perceived value and reduce the time it takes to sell.
2024 is an excellent year to sell in Montreal. By collaborating with Steve Rouleau, Real Estate Agent at RE/MAX in Montreal, you can sell quickly and at the best price. Take the first step today to take advantage of this dynamic market.
