Ottawa’s Real Estate Marketplace ~ October 2019 Edition

Review of September 2019 in Ottawa Real Estate 

During the month of September 2019, members of the Ottawa Real Estate Board sold 1,549 residential properties,  compared to 1,386 in Sep2018, an increase of 11.8% in the number of properties sold vs the previous year.

It took an average of 41 days for properties of all types to sell in September 2019 which is 23 days shorter than the average in Sept 2018 and the 1 day shorter than the month before, August 2019.  
Of these 1,549 sales, 1,113 were freehold houses, and 436 were condominiums.

The average sales price for a freehold house sold in September 2019, was $487,438 showing an increase of 8.3% over Sept 2018.  While condominium average prices rose 9.1% from last year to $309,373. 

2,153 new properties were listed for sale in September 2019, bringing the total number of properties for sale to 3,360 a decrease of 24.1% from Sept of last year.

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