A Review of November 2019 in Ottawa Real Estate
During the month of November 2019, members of the Ottawa Real Estate Board sold 1,288 residential properties, compared to 1,161 in Nov 2018, an increase of 10.9% in the number of properties sold vs the previous year.
View the in-depth breakdown of each market & the 62-year history of Ottawa real estate prices on our website www.HomeTeamOttawa.com/stats/
It took an average of 48 days for properties of all types to sell in November 2019 which is 18 days shorter than the average in Nov 2018 and 4 days longer than the month before, Oct 2019.
Of these 1,288 sales, 958 were freehold houses, and 330 were condominiums.
The average sales price for a freehold house sold in November 2019, was $501,201 showing an increase of 16.9% over Nov 2018. While condominium average prices rose 9.8% from last year to $313,734.
1,245 new properties were listed for sale in November 2019, further decreasing the total number of properties for sale to 2,439 a decrease of 27.5% from Nov of last year.