Ottawa Real Estate Update | December 2020 Edition

Last month, November 2020,  members of the Ottawa Real Estate Board sold 1,611 residential properties,  compared to 1,288 in November 2019, an increase of 25.5%  in the number of properties sold vs the previous year. Year to date Jan-Nov we have had an increase of 0.7% in total sales compared to Jan-Nov 2019

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 It took an average of 25 days for properties of all types to sell in November 2020 which is 23 days shorter than the average in November 2019 and 6 days longer than the month before, October 2020.    

Of these 1,611 sales, 1,209 were freehold houses, and 402 were condominiums.  

The average sales price for a freehold house sold in November 2020, was $602,892 showing an increase of 20.3% over November 2019.  While condominium average prices rose 15.2% from last year to $361,758.   

1,635 new properties were listed for sale in November 2020 which is a 31.3% increase compared to November 2019, bringing the total number of residential properties for sale to 1,537 a decrease of 37% from November of last year.


To read the full report with charts or see the 61-year history of Ottawa real estate visit our website.
(Information according to the Ottawa Real Estate Board and attributed to all Members of OREB® through the Board’s Multiple Listing Service®)

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