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May Brings Good News for the Montreal CMA Residential Market
The month of May brought positive news for the residential real estate market in the Montreal Census Metropolitan Area (CMA). Real estate sales showed a slight increase compared to the same month last year, confirming a trend of stability and steady recovery since the beginning of the year.
For those considering buying, selling, or investing in real estate, this landscape presents a strategic opportunity. The guidance of an experienced professional like Erico Ballester, Real Estate Broker in Montreal, allows you to make informed decisions and take advantage of favorable market conditions.
Inventory Growth and Balanced Market Activity
One of the key highlights this month is the increase in the number of properties available, giving buyers more options. This increase in supply has not significantly impacted prices, which reflects a healthy balance between supply and demand.
The median price of a single-family home remains around $560,000, with variations depending on the area. Suburban regions such as the North Shore and South Shore continue to show strong momentum, while activity on Montreal Island remains stable.
Erico Ballester
Courtier Immobilier Résidentiel – Commercial – Industriel
Courtier Hypothécaire / Franchise Commerciale Locale & Internationale
🌐 www.equipeballester.com
📞 (514) 400-1897