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Ottawa Market Update, November 2015

Posted on: December 6th, 2015 by Chris Scott

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. 


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