Ottawa’s Real Estate Marketplace ~ November 2016 Edition

ottawa-real-estate-infograph-october-2016During the month of October 2016, members of the Ottawa Real Estate Board sold 1,214 residential properties, compared to 1,159 in October of last year, an increase of 4.7% in properties sold.

It took an average of 99 days for a property to sell last month which is 5 days longer than the average in September and 5 days longer than in October 2015.

Of these 1,214 sales, 957 were freehold houses, and 257 were condominiums.

The average sales price for a freehold house sold last month, was $392,579 showing an increase of 3.3% over last year. While condominium average prices rose 0.1% from last year to $252,,465.

1,978 new properties were listed for sale in September, bringing the total number of properties for sale to 6,460 a decrease of 15.7% from this time last year.

Read more and see the break down by type of property at HomeTeamOttawa.com

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