October 2012 Downtown Condos Market Report Downtown Montreal condominium sales, as reported on MLS® this October, reached this year’s low of 11 sales. Even so, it took, on average, a normal delay of 95 days on market (DOM) to sell this month, dropping from one of the higher numbers for the year last month. I was concerned last month that it was a sign that condo sales were slowing. However, the third quarter report from the Greater Montreal Real Estate Board (GMREB) has calmed my fears further regarding the market drop we read about in the media. The drops reported are broad statistics for large regions. Here on Montreal Island, in Centre South, I have my doubts we have to worry at this point. Remember, that in an economic downturn, the best real estate sectors lower last and come up fa...
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