Ottawa Real Estate – September 2015 – The Begining of the Shift

Ottawa Real Estate Infograph Sept 2015

Visit our Real Estate Statistics page to see how the shift is affecting House & Condo Prices.

During the month of August 2015, members of the Ottawa Real Estate Board sold 1,279 residential properties, compared to 1,200 in August of last year, an increase of 6.6% in total number of properties sold.

It took an average of 89 days for a property to sell last month which is 11 days longer than the average in July and 7 days longer than August of last year.

Of these 1,279 sales, 1,020 were freehold houses, and 259 were condominiums.

July’s average home price for all properties sold was $352,579, down 2.1% from last year.
The average sales price for a freehold house sold last month, was $379,946, showing a decrease of 0.1% over last year.
Condominium average prices dropped 7.3% from last year to $244,801.

2,434 new properties were listed for sale in August, bringing the total number of properties for sale to 8,801 an increase of 7.9% over this time last year.

See the individual charts for Sales, Prices and Inventory for both Houses and Condos

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