Montreal slips into buyer’s market as prices keep climbing
The SNLR of 47.4% contributed positively, but both the 33.4% expiry rate and 16.2% volume decline — consistent with Montreal Island home sales declining for consecutive months — hit the floor of their scales.
“Look only at prices and you conclude the market is solid; look only at volume and you conclude it is slowing sharply. The reality is both at once: a market that sorts. Properties listed at their fair value sell at 97.5% of asking, sometimes with competing offers; the rest join the month’s 512 expired listings,” said Tardif.
The price that does the talking
Sellers who closed still obtained close to their asking price. Condominiums reached $479,750, up 2.3% year over year; single-family homes $825,000, up 9.5%; plexes $881,000, up 6.8% (Centris data).
The typical sale moved from a median original list of $724,500 to a final sold price of $695,000.
Some 30.8% of sold properties had reduced their price at least once before finding a buyer, up from 28.7% in July 2025, with a median cut of 5.3%.
