Home sales in the Montreal area fell 10 percent in July 2026 compared with the same month a year earlier, according to data released by the Quebec Real Estate Board. The decline came even as property values climbed across all categories of dwellings, indicating a divergence between transaction volume and price trends.
The board’s report highlighted that the market is currently in an adjustment phase, which it attributes to the reduced number of sales. While fewer homes changed hands, the upward pressure on prices persisted, reflecting continued demand and limited supply across the region’s residential segments.
All property types—single-family homes, condominiums and townhouses—experienced price gains during the month. The board did not provide specific percentage increases for each segment, but the overall trend points to a broad-based appreciation in value despite the slowdown in sales activity.
Industry observers note that the combination of a sales dip and rising prices suggests that buyers are facing higher costs even as the pool of available listings contracts. The Quebec Real Estate Board’s figures for July mark a notable shift from previous months, where transaction numbers had been more robust. The board’s assessment frames the current market conditions as part of a transitional period, with the expectation that sales activity may stabilize as the market adapts to the evolving pricing dynamics.
Stakeholders in the Montreal real‑estate sector will be watching subsequent months closely to gauge whether the adjustment phase leads to a rebound in sales volumes or further entrenchment of price growth.