Ottawa’s Real Estate Marketplace ~ December 2015 Edition

Ottawa Real Estate Infograph - Dec 2015 (1)  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.

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