STITTSVILLE HOUSING MARKET UPDATE, MAY 2019

Homes sold in Stittsville, May 2019

Stittsville remains a strong and fast resale market.

In the month of May, a total of 101 homes sold in Stittsville[1], very similar to the number of sales in May 2018.

That said, the average sale price for homes sold last month was $533,804, a 10.3% increase over May last year. This is the highest average sale price that Stittsville has ever experienced, due in large part to the few properties offered for sale, particularly in the row home category[2].

If you are curious about your Stittsville’s home value please fill in this form for a no-obligation market assessment.

HIGHLIGHTS

Homes Sold in May 2019 Compared to May 2018

o  101 – all (↓ 1.9%)

o  75 – detached (↑ 5.6%)

o  26 – row & semi-detached (↓ 18.8%)

 

Average Sold Price in May 2019 Compared to May 2018

o   $533,804 – all (↑ 10.3%)

o   $575,783 – detached (↑ 6.2%)

o   $412,712 – row & semi-detached (↑ 16.6%)

 

Average Total Days on Market in May 2019 Compared to May 2018

o  16 – all (↓ 38.5%)

o  17 – detached (↓ 46.9%)

o  13 – row & semi-detached (↓ 7.1%)

 

Active Listings in May 2019 Compared to May 2018

o  55 – all (↓ 5.2%)

o  48 – detached (↓ 4.0%)

o  7 – row & semi-detached (↓ 12.5%)

 

Months of Inventory in May 2019 Compared to May 2018

o  1 – all (↔ 0.0%)

o  1 – detached (↔ 0.0%)

o  0 – row & semi-detached (↔ 0.0%)

[1] Excludes condominiums, homes on leased land and homes under construction.

[2] All data courtesy of the Ottawa Real Estate Board MLS® System. The above Information is believed to be accurate but not warranted.