Montreal home sales fell 13% in August as market goes through ‘rebalancing,’ real estate

Montreal-area home sales fell 13.1 per cent year-over-year in August as the province’s real estate board says the market is continuing to go through an “adjustment period.”

The Quebec Professional Association of Real Estate Brokers says 2,853 residential properties changed hands throughout the month in the Montreal census metropolitan area, down from 3,282 in August 2025.

Camille Laberge, the board’s senior economist, says the market continues to rebalance as activity slows and supply grows.

New listings in August totalled 5,874, up 7.4 per cent year-over-year, while total inventory rose 17.8 per cent to 20,128 units for sale.

Home prices were up year-over-year across all categories for the month, led by a 3.6 per cent increase in the median price of a condominium to $437,250.

The median price of a single-family home rose 2.8 per cent year-over-year to $650,000 in August, while the median price of a plex increased 1.7 per cent to $856,000.