Selling time says a lot about a market. In May 2026, in the Montreal CMA, a plex sells in 39 days— right in the middle of the scale: the condominium lingers at 47 days, the single-family home flies at 30 days. To place this by-type contrast, see our two-speed market analysis (30 vs 47 days). For a plex seller, those 39 days are not just a statistic: they are a lever.
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1. The Plex at 39 Days: Its Place on the Scale
Three types, three speeds. The single-family home leads (30 days), the plex follows (39 days), the condominium trails (47 days). The plex holds an enviable spot: it keeps strong velocity, clearly ahead of the condo. This ranking is no accident: it reflects the depth of demand for each property type in Montreal.
2. Why the Plex Sells Faster Than the Condo
The plex draws two audiences at once: the investor chasing rental yield, and the owner-occupant who has tenants carry part of the mortgage. This dual demand widens the buyer pool and speeds up the sale. The condominium, by contrast, relies mostly on owner-occupant buyers and faces more abundant supply: hence its 47 days. The plex benefits from a relative scarcity that works in the seller's favour.
3. Velocity as a Price Signal
Those 39 days are a median, not a promise. A plex aligned with recent comparables sells around that mark; an overpriced plex far exceeds it and sends the wrong signal. Selling time thus works as a thermometer of price: staying near the median confirms the list price is fair; drifting from it is often the symptom of a price to correct.
4. The Timing of the Listing
The plex's velocity comes with price resilience: in May 2026, the median plex price rises 6% in the Montreal CMA, even as overall sales fall 7%. In other words, the market slows in volume but the plex keeps buyers' favour. For a seller, that is a window: list a well-prepared plex while demand stays firm and financing is predictable at 2.25%.
5. What Velocity Tells the Seller
The lesson fits in one sentence: a well-priced plex sells fast, and the speed itself is an argument. A realistic list price on day one captures peak interest and lets the segment's natural velocity do its work. Conversely, an inflated price cancels that edge: it turns a property that should have sold in 39 days into a listing that drags. A plex seller's best ally is a list price anchored on comparables.