Ottawa’s Real Estate Marketplace ~ September 2018 Edition 

During the month of August 2018, members of the Ottawa Real Estate Board sold 1,586 residential properties,  compared to 1,535 in Aug 2017,  an increase of 3.3% in the number of properties sold vs the previous year.

It took an average of 61 days for properties of all types to sell in August 2018 which is 9 days shorter than the average in Aug 2017 and 5 day longer than the month before, July 2018.  
Of these 1,586 sales, 1,188 were freehold houses, and 398 were condominiums.
The average sales price for a freehold house sold in August 2018, was $433,684 showing an increase of 3.1% over Aug 2017.  While condominium average prices rose 2.2% from last year to $276,720. 

2,015 new properties were listed for sale in August 2018, bringing the total number of properties for sale to 4,650 a decrease of 18.3% from Aug of last year.


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