From the blog...

Ottawa Market Update, January 2016

Posted on: February 4th, 2016 by Chris Scott

Members of the Ottawa Real Estate Board sold 601 residential properties in January through the Board’s Multiple Listing Service® system, compared with 626 in January 2015, a decrease of four per cent. The five-year average for January sales is 618.  It isn’t unusual to have a slow-down once winter hits. Listings continue to be very active – the number of properties listed almost doubled the amount listed in December.

The average sale price of a residential-class property sold in January in the Ottawa area was $386,839, an increase of 4.6 per cent over January 2015. The average sale price for a condominium-class property was $247,205, a decrease of 1.3 per cent over January 2015.

As always, if you have any real estate-related questions, I will be happy to help you find answers.  My business is based mostly on referrals so they are extremely important to me.


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