The Montreal real estate market is still on the road to recovery in the 3rd quarter of 2009. There was a 5 percent increase in sales this September in the Montreal real estate market compared to September 2008. The total sales of single family Montreal homes for sale were up by 8 percent. The total sales of the Montreal condo market were up by 1 percent this September compared to last September while the sales of plexes increased by 3 percent.
The Montreal real estate market also saw an increase in prices. The median price of the single family Montreal homes for sale in the Montreal real estate market increased by 7 percent in September compared to the same period one year earlier. The median price of the Montreal condo sector also increased by 7 percent in September compared to September 2008. The median prices of plexes in the market was also up by 5 percent. Most experts had agreed that the economy would begin a recovery in the third quarter of this year meaning that the market activity will continue in the coming months.