Sunday, June 22, 2008

Montreal house sales down

MONTREAL - The latest Greater Montreal Real Estate Board's Multiple Listing Service system showed a 9-per-cent decrease in transactions last month compared to May 2007, with 4,544 sales.

That represents a year-to-date decrease in sales of 4 per cent compared to the same period last year.

But the median price of a single-family home rose by 5 per cent in comparison with a year ago.

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