Purchasers were hit with double-digit price increases in September despite a drop in sales compared with a year earlier.
Overall sales in Ottawa were down compared with 2020 for the second straight month.
The average sale price of a residential-class property in the capital was about $685,000 last month, up 17 per cent from a year ago.
The average price of a residential-class property in Ottawa was $725,970 last month, up 26 per cent from a year earlier but below the year-to-date average of more than $734,000.
The average residential-class property in the capital sold for $741,000 in May, an increase of 35 per cent over the same month a year ago.
Residential-class homes in Ottawa sold for an average of nearly $743,000 last month, latest figures show.
Average sale price for a residential-class property was $758,802, an increase of 35% from a year ago.
The average price of a residential-class property jumped 27 per cent to nearly $720,000 last month compared with February 2020.
Price ceilings on the rise: Surge in million-dollar sales pushes average Ottawa home value to new heights
Local realtors said 63 properties sold for at least $1 million last month, compared with 16 transactions valued at $1 million-plus in January 2020.
Overall, nearly 19,000 homes changed hands last year, a slight increase over 2019’s total of about 18,600.