Montreal home sales in December fall 39% compared with year ago: Quebec board

The Quebec Professional Association of Real Estate Brokers says home sales in Montreal last month fell 39 per cent from a year earlier to a level not seen in December since 2014.

The real estate organization says sales for the month amounted to 2,232 and contributed to a 2022 sales total of 21,371, 20 per cent below 2021.

The board says it's typical for December to bring fewer sales and new listings, but the 2,359 properties that hit the Montreal market last month was a level not seen since 2002.

New listings in the month represented a seven per cent decline from the year before, but 2022 still saw two per cent more new properties on the market than in 2021.