During the month of November 2015, members of the Ottawa Real Estate Board sold 990 residential properties, compared to 891 in November of last year, an increase of 11.1% in total number of properties sold.It took an average of 104 days for a property to sell last month which is 10 days longer than the average in October and 1 days longer than November of last year.
Of these 990 sales, 791 were freehold houses, and 199 were condominiums.
November’s average home price for all properties sold was $359,569, up 0.7% from last year.
The average sales price for a freehold house sold last month, was $380,761, showing a decrease of 0.4% over last year.
Condominium average prices rose 9.9% from last year to $275,332.
1,680 new properties were listed for sale in November, bringing the total number of properties for sale to 6,694 an increase of 0.2% over this time last year.
The Tulip Team Blog 