Quebec’s Solid Market Recovery Continues into Second Quarter of 2024!

Highlight: 

Sales: Sales in Quebec’s real estate market saw significant growth from Q2 2023 to Q2 2024, with plexes leading at a 21% increase, followed by single-family homes at 11% and condominiums at 10%.

Active listings: The number of active listings in Quebec grew by 22% in Q2 2024 to 38,333, though still below the historical average of 49,330.

Median Price: In Q2 2024, the median price for single-family homes in Quebec rose by 5% to $452,500, condominiums by 3% to $379,000, and small income properties saw a 10% increase to $603,500 compared to the same period last year.

Seller’s market:  In Q2 2024, despite an increase from last year, the Quebec real estate market remained a seller’s market, with the time required to sell residential properties rising from 4.8 to 5.2 months.