Ottawa’s Real Estate Marketplace ~ October 2017 Edition

During the month of September 2017, members of the Ottawa Real Estate Board sold 1,387 residential properties, compared to 1,365 in 2016, an increase of 1.6% of properties sold vs the previous year.

It took an average of 70 days for properties of all types to sell in Sept 2017 which is 14 days faster than the average in Sept 2016 and 2 longer than the month before, August 2017.

Of these 1,387 sales, 1,076 were freehold houses, and 311 were condominiums.

The average sales price for a freehold house sold in September 2017, was $416,464 showing an increase of 8.2% over Sept 2016. While condominium average prices rose 3.9% from last year to $251,764.

2,090 new properties were listed for sale in September, bringing the total number of properties for sale to 5,497 a decrease of 21.1% from Sept of last year.

See the breakdown by type here on HomeTeamOttawa.com

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