Ottawa real estate monthly report month of Oct, 2017
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After the record-setting spring and summer the Ottawa market is showing signs of stabilizing but still we are seeing no slowdown in the condo market !
The number of sold properties in Ottawa in September 2017 was, 311 condominiums and 1,076 residential properties, the total of 1,387 compared with 1,365 in September 2016 an increase of 1.6 %.
The average sale price for condominium-class property was $261,548 an increase of 3.9% from September 2016. Sales have been increasing in this property class by 25.5% per month since February. The average sale price for residential-class property was $416,464 an increase of 8.2% from September 2016.
The Ottawa market is trending toward a Sellers’ market. Inventory levels and the number of new listings continue to tighten and sell much faster compared to the same time last year.
If you are thinking of buying or selling your home please contact us.
The number of sold properties in Ottawa in September 2017 was, 311 condominiums and 1,076 residential properties, the total of 1,387 compared with 1,365 in September 2016 an increase of 1.6 %.
The average sale price for condominium-class property was $261,548 an increase of 3.9% from September 2016. Sales have been increasing in this property class by 25.5% per month since February. The average sale price for residential-class property was $416,464 an increase of 8.2% from September 2016.
The Ottawa market is trending toward a Sellers’ market. Inventory levels and the number of new listings continue to tighten and sell much faster compared to the same time last year.
If you are thinking of buying or selling your home please contact us.
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