From the blog...

OTTAWA MARKET UPDATE, NOVEMBER 2016

Posted on: December 15th, 2016 by Chris Scott

Members of the Ottawa Real Estate Board sold 995 residential properties in November through the Board’s Multiple Listing Service® System, compared with 986 in November 2015, an increase of 0.9 percent. The five-year average for November is 939.

The November’s sales included 230 in the condominium property class and 765 in the residential property class.

The average sale price of a residential-class property sold in
November in the Ottawa area was $405,320 which is an increase of 6.5 percent from November 2015. The average sale price for a condominium-class property was $277,650 which is an increase of 1 percent from November 2015.

Since every area is slightly different, if you are thinking of buying or selling I hope you will contact me. I’m always happy to help!

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