Mid-Year Market Analysis Downtown Montreal
Condo/Apt. — Ville-Marie/Downtown Montreal: Jan–Jun 2026 vs. Jan–Jun 2025
After a small surge in activity in the first three months of 2026 with an increase in the number of sales in the month of March 2026 compared with the number of sales in March 2025, market activity stalled and we are now looking at a 10% in the number of sales. The number of listings is up however, values are steady with the average price actually increasing 1.1%.
Here are the statistics to compare both periods with the 2026 stats placed first compared with their 2025 equivalent.
New listings: 2,883 vs 2,858 (+25 or +0.9%)
Active listings: 2,193 vs 2,095 (+98 or +4.7%)
Number of sales: 820 vs 908 (−88 or -9.7%)
Average sale price: $577,650 vs $571,397 (+$6,253 or +1.1%)
Median sale price: $460,000 vs $480,000 (−$20,000 or −4.2%)
Sales volume: $473,673 vs $518,732 (−$45,059 or −8.7%)
Key takeaways:
- Sales activity slowed. Condo/apartment sales dropped nearly 10% year-over-year (908 → 820), even though more units were listed for sale (both new and active listings ticked up), suggesting inventory is building faster than demand is absorbing it.
- Average price edged up slightly, but the median price actually fell by $20,000 — a sign that the modest gain in the average is likely being pulled up by a handful of higher-value transactions rather than reflecting broad-based price growth. This divergence between average and median is worth flagging for clients, since it means the "typical" condo isn't selling for more this year.
- Total dollar volume fell nearly 9%, driven almost entirely by the drop in sales count rather than price declines.
Sales are still possible to achieve with a well presented property and active marketing by a local Real Estate broker. Please feel free to contact us if you have any questions about the real estate market in Downtown Montreal.
Alex Kay 514. 979.1976
Michael Martin 514.582.7007
