The real estate market in February 2025 experienced significant changes compared to February 2024. Overall, sales increased, while the number of active listings declined. Discover the key trends below.
Source: APCIQ Monthly Statistics – February 2025
Total Sales on the Rise
The total number of sales increased by 11%, rising from 7,647 transactions in February 2024 to 8,490 in February 2025. This growth reflects a dynamic market with heightened buyer interest.
Slight Increase in New Listings
New listings saw a slight increase of 2%, reaching 12,843 in February 2025 compared to 12,573 in the previous year. This suggests that sellers are approaching the market with caution.
Breakdown by Property Type
Single-Family Homes
- Sales: Up 11%, with 5,488 transactions in 2025.
- Active Listings: Decreased by 5%, indicating potentially higher demand.
- Median Price: Increased by 11%, reaching $485,000 in 2025.
- Average Selling Time: Reduced by 3 days.
Condominiums
- Sales: Increased by 8%, with 2,251 transactions in 2025.
- Active Listings: Remained stable compared to February 2024.
- Median Price: Increased by 7%, reaching $389,000.
- Average Selling Time: Reduced by 3 days, reflecting strong demand.
Plexes (2-5 Units)
- Sales: Strong 21% increase, with 730 transactions in 2025.
- Active Listings: Significantly reduced by 17%, indicating intense competition for these properties.
- Median Price: Increased by 19%, reaching $625,000.
- Average Selling Time: Increased by 7 days, which remains relatively fast given the demand.
Conclusion
February 2025 reflects a thriving real estate market, with rising sales and median prices despite a decline in active listings. This trend benefits sellers but requires buyers to act quickly to seize available opportunities. Given these conditions, if you are considering purchasing a property, seeking assistance from a real estate broker is highly recommended.
If this article piqued your curiosity or if you have questions about real estate, don't hesitate to contact Jason Gagnon, your residential and commercial real estate broker. With his expertise in the regions of Cap-Rouge and Saint-Augustin-de-Desmaures, Jason is here to support you in all your processes, whether for buying, selling, or evaluating a property.
Representing the company Royal LePage Blanc & Noir, Jason Gagnon offers you a personalized service tailored to your needs. For thorough and professional follow-up, you can contact him by phone at (418) 522-8831 or by email at jasongagnon@royallepage.ca.
Visit his website for more details on his services and to discover the current real estate opportunities: www.jasongagnon.ca.
Whether you are a potential buyer or seller, Jason Gagnon is ready to answer all your questions and provide the necessary assistance to complete your real estate projects in his service areas. Don't miss the opportunity to benefit from his expertise.
