During the month of November 2018, members of the Ottawa Real Estate Board sold 1,165 residential properties, compared to 1,232 in Nov 2017, a decrease of 5.4% 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 November 2018 which is 12 days shorter than the average in Nov 2017 and 4 day longer than the month before, October 2018.
Of these 1,165 sales, 870 were freehold houses, and 3295 were condominiums.
The average sales price for a freehold house sold in November 2018, was $429,039 showing an increase of 2.6% over Nov 2017. While condominium average prices rose 11.1% from last year to $285,764.
1,243 new properties were listed for sale in November 2018, bringing the total number of properties for sale to 3,367 a decrease of 22.5% from Nov of last year.