From the blog...

Ottawa Market Stats, July 2015

Posted on: August 13th, 2015 by Chris Scott

Members of the Ottawa Real Estate Board sold 1,436 residential properties in July through the Board’s Multiple Listing Service® system, compared with 1,440 in July 2014, a decrease of 0.3 per cent. The five-year average for July sales is 1,380.
The average cumulative days on market increased slightly to 78 days, compared to 74 last month. Inventory levels remain high, meaning we are in a  Buyer’s market in most segments of the market.
The average sale price of a residential-class property sold in July in the Ottawa area was $394,889, an increase of 4.5 per cent over July 2014. The average sale price for a condominium-class property was $255,102, a decrease of 2.6 per cent over July 2014.
The $300,000 to $400,000 price range continues to have the highest concentration of properties sold and it is two-storey residential properties that continue to have the highest concentration of buyers in Ottawa.

If you are curious to know whats happening in your area, feel free to get in touch. I am always happy to help!


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