During the month of September 2016, members of the Ottawa Real Estate Board sold 1,371 residential properties, compared to 1,241 in September of last year, a surge of 10.5% in properties sold.

Year to date the Ottawa real estate market has shown a 6.8% increase over the same time period compared to 2015. Prices have remained stable showing a 0.6% increase for residential housing and 0.1% increase in condo prices.

It took an average of 94 days for a property to sell last month which is 1 days longer than the average in August and 10 days longer than in September 2015.

Of these 1,371 sales, 1,102 were freehold houses, and 269 were condominiums.

The average sales price for a freehold house sold last month, was $383,793 showing a decrease of 0.1% over last year. While condominium average prices dropped 2.0% from last year to $252,136.

2,410 new properties were listed for sale in September, bringing the total number of properties for sale to 6,968 a decrease of 17.2% from this time last year.

See the break down at www.HomeTeamOttawa.com/Stats/