During the 2016, members of the Ottawa Real Estate Board sold 15,537 residential properties, compared to 14,653 in 2015, an increase of 6% in properties sold over the previous year.
It took an average of 95 days for a properties of all types to sell in 2016 which is 20 days longer than the average in 2015.
Of these 15,537 sales, 12,597 were freehold houses, and 2,939 were condominiums.
The average sales price for a freehold house sold in 2016, was $397,774 showing an increase of 1.5% over 2015. While condominium average prices rose 0.4% from last year to $260,982.
824 new properties were listed for sale in December, bringing the total number of properties for sale to 4,660 a decrease of 13.1% from the end of 2015.
To read the full report with charts visit our website.
The Tulip Team Blog 