The price, however, has changed slightly from that of October, which reached $320,000.

Median prices: The median price of single-family homes was $311,500 for the month, an 11 per cent gain from the same period in 2020. The year to date stood at 3,260, a drop of 43 per cent from 2020. Condominiums experienced a resurgence of interest, with 283 transactions, an increase of 8 per cent compared to the same period last year.Īctive listings: The contraction of the supply of residential properties continued in November, with total active listings reaching 2,918, a decrease of 32 per cent from November 2020. The drop in sales was also substantial in small income properties, declining by 23 per cent (74 sales). Sales by property category: A total of 531 single-family home sales took place in November in the CMA, an 18 per cent decrease from November 2020. The South Shore is also of note with a more marked decline of -22 per cent (149 transactions). While the agglomeration of Quebec City experienced a decrease of 3 per cent to reach 651 sales, sales in the Northern Periphery of Quebec City fell by 39 per cent, down to 89 transactions for the month. The weakness of sales in the CMA’s peripheral areas was the main factor behind the drop in transactions in November 2021.

Sales: The number of residential sales in the CMA stood at 889 in November, a decrease of only 12 per cent compared to the same period in 2020. The subsequent result is steadily increasing prices, although more moderate than in many other markets prone to overbidding.” “The anticipation of rising interest rates is linked with this sustained activity. Sales are comparable to those recorded during the pre-pandemic month of November 2019 despite the comparable level of active listings down by two thirds,” said Charles Brant, director of market analysis at the QPAREB. However, we must understand that this November has turned out to be the second most active month of November ever recorded since the Centris system began compiling market data. “November 2021 registered a decline in sales compared to the exceptional levels of November 2020. 07, 2021 (GLOBE NEWSWIRE) - The Quebec Professional Association of Real Estate Brokers (QPAREB) has just released its residential real estate market statistics for the Quebec City Census Metropolitan Area (CMA) for the month of November, based on the real estate brokers’ Centris provincial database Residential Sales – November 2021 Residential Sales – November 2021

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