Ottawa’s Real Estate Marketplace ~ October 2018 Edition

Ottawa’s Real Estate Marketplace ~ October 2018 Edition   During the month of Septemeber 2018, members of the Ottawa Real Estate Board sold 1,393 residential properties,  compared to 1,383 in Sept 2017,  an increase of 0.7% in the number of properties sold vs the previous year.

It took an average of 64 days for properties of all types to sell in September 2018 which is 6 days shorter than the average in Sept 2017 and 3 day longer than the month before, August 2018.  
Of these 1,393 sales, 1,046 were freehold houses, and 347 were condominiums.
The average sales price for a freehold house sold in September 2018, was $449,613 showing an increase of 7.9% over Sept 2017.  While condominium average prices rose 7.6% from last year to $282,781. 

2,009 new properties were listed for sale in September 2018, bringing the total number of properties for sale to 4,419 a decrease of 19.6% from Septof last year. 

Q1 – Q3 in Ottawa Real Estate

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