Ottawa’s Real Estate Marketplace ~ August 2016 Edition

Ottawa Real Estate Infograph - July 2016

During the month of July 2016, members of the Ottawa Real Estate Board sold 1,491 residential properties, compared to 1,430 in July of last year, an increase of 4.3% in properties sold.

Year to date the Ottawa real estate market has shown a 5.2% increase over the same time period compared to 2015.

It took an average of 84 days for a property to sell last month which is 8 days longer than the average in June and 6 days longer than in July 2015.

Of these 1,491 sales in June, 1,214 were freehold houses, and 277 were condominiums.

The average sales price for a freehold house sold last month, was $398,608 showing an increase of 0.9% over last year. While condominium average prices increase 1.8% from last year to $259,794.

2,412 new properties were listed for sale in July, bringing the total number of properties for sale to 7,922 a decrease of 14.7% from this time last year.

See more with charts breaking down the market movement in each segment at www.HomeTeamOttawa.com/Stats/

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