Ottawa’s Real Estate Marketplace ~ September 2016 Edition

  During the month of August 2016, members of the Ottawa Real Estate Board sold 1,484 residential properties,  compared to 1,276 in August of last year,  an surge of 16.3% in properties sold.

Year to date the Ottawa real estate market has shown a 6.5% increase over the same time period compared to 2015.  Prices have remained stable showing a 0.6% increase for residential housing and 0.4% increase in condo prices.
It took an average of 95 days for a property to sell last month which is 11 days longer than the average in July and 6 days longer than in August 2015

Of these 1,484 sales, 1,189 were freehold houses, and 295 were condominiums.
The average sales price for a freehold house sold last month, was $389,786 showing an increase of 2.5% over last year.  While condominium average prices increase 11.1% from last year to $272,166.  
2,343 new properties were listed for sale in August, bringing the total number of properties for sale to 7,397 a decrease of 16% from this time last year. 
See all the Ottawa real estate activity broken down by category on our statistics page.

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