Ottawa Real Estate Board
The number of single-family homes priced below $300,000 in the nation’s capital has plummeted in 2018, the Ottawa Real Estate Board said in a report this week
Average sale price reached $464,401 last month, an increase of 6.3% over May 2017 and an all-time high.
Members of the Ottawa Real Estate Board sold 2,032 residential properties last month, an increase of 13.6 per cent year-over-year.
Homes are spending an average of 43 days on the market, down from 54 days in March 2017.
“Buyer demand is there, but our inventory continues to decline.”
The chill most of us felt throughout January didn’t seem to apply to the Ottawa real estate market.
Condo sales up 22% last year.
Non-residents own 0.7% of Ottawa’s condos, according to data released by the Canadian Mortgage and Housing Corp.
“November numbers are upholding the robust year we have been experiencing in 2017," says OREB president Rick Eisert.
Sellers waiting an average of 45 days to move property, down 18%