How’s the Ottawa Real Estate Market, a look at November 2011

Well here we are, December 2011. It’s been a heck of a year in real estate, and like every month here we are answering the most popular question for real estate agents.

How’s the market?

A look at the numbers, last month (November 2011) Real Estate Agents in Ottawa sold 1020 homes and condos! Hey a thousand homes sold, that’s better that last years 940 (Nov 2010) so GREAT!  They break down to 244 Condos and 776 Homes and year over year that represents a 8.5% increase in sales.

According to the Ottawa Real Estate Board “Last month was the best November on record for resale home sales in Ottawa.  The last time we saw anywhere close to that number was in 2001. It speaks well for the stability of our market that even during the quieter months of the year, our market is still thriving”

What about $ wise?

Those 1020 homes sold for an average price of $347,795 up 7.3% over last November.

 

Cheers to a great real estate market.

HomeTeamOttawa.com

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