From the blog...
Ottawa Market Update, November 2015
Members of the Ottawa Real Estate Board sold 990 residential properties in November through the Board’s Multiple Listing Service® System, compared with 891 in November of 2014, an increase of 11.1 per cent. The five-year average for November sales is 944. It could be the mild weather – or maybe the aftermath of the federal election that were key to a very successful November resale market.
Inventory levels are balancing out, cumulative days on market have increased to 104, and average residential sale prices remain steady. This is very typical of a market that’s heading into the winter season. Don’t forget that every area is slightly different. If you wish to know what your house is worth – or maybe the one own the street, give me a call. I’d be glad to help.
Next month I will be releasing my annual market report. Stay tuned for a comprehensive look at the Ottawa real estate market. I have already started looking at CMHC reports, newspaper articles, and economist’s predictions. In the meantime have a very Merry Christmas! Wishing you all the best in the new year.
Chris