Ottawa home sales down in January: OREB

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Ottawa realtors sold slightly fewer homes in January than during the same month last year, according to the latest numbers the Ottawa Real Estate Board released on Wednesday.

There were 589 homes sold through the board’s listing service during the month, a decrease when compared to the 594 that were sold during January 2013.

“The market activity is encouraging for homeowners considering the deep freeze Ottawa experienced this past month – a time when people are more apt to stay in and stay warm instead of venturing out to search for a home,” said Randy Oickle, the president of the OREB, in a statement.

The average sale price of residential properties increased to $346,744. That’s an increase of one per cent when compared to the average of $343,374 from last year.