During the month of November 2016, members of the Ottawa Real Estate Board sold 995 residential properties, compared to 990 in November of last year, an increase of 0.005% in properties sold.

It took an average of 105 days for a property to sell last month which is 6 days longer than the average in October and 1 days longer than in November 2015.

Of these 995 sales, 9765 were freehold houses, and 230 were condominiums.

The average sales price for a freehold house sold last month, was $405,320 showing an increase of 6.5% over last year. While condominium average prices rose 1.0% from last year to $277,650.

1,444 new properties were listed for sale in November, bringing the total number of properties for sale to 5,753 a decrease of 14.1% from this time last year.

To see a graphical breakdown by property class for sales, prices, and homes on the market visit out website www.HomeTeamOttawa.com/stats/