Ottawa home resales inched up in October as the local market continued a strong second half of 2013, the Ottawa Real Estate Board announced Tuesday.
The Ottawa home resale market is no closer to jumping out of its 2013 slowdown after June numbers showed a year-over-year drop in sales of 4.1 per cent.
Ottawa realtors sold 4.6 per cent fewer homes in May 2013 than the same period a year earlier as the local market was unable to break out of a slow start to the year.
Ottawa realtors collectively recorded their best October since 2009 in terms of home sales, although increases in prices continued to slow.
Housing sales in Ottawa dropped to their lowest level in eight months, according to the Ottawa Real Estate Board.
Ottawa home resales dropped 14 per cent year-over-year in August, the Ottawa Real Estate board said Friday.
Ottawa Real Estate Board members have sold almost 13 per cent more houses and condominiums year-over-year since last March, according to numbers released Wednesday.