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Ottawa Market Update, June 2019 - Chantel Brownlee
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Ottawa Market Update, June 2019 Posted on: July 8th, 2019 by Chantel Brownlee Members of the Ottawa Real Estate Board sold 2,105 residential properties in June through the Board’s Multiple Listing Service® System, compared with 2,064 in June 2018, an increase of 2%. June’s sales included 1,612 in the residential-property class, on par with a year ago, and 493 in the condominium property class, a rise of 8.8% from June 2018. The five-year average for June unit sales is 2,002. Condo resales, up 8.3% from last year, are the driving force for the upturn in units sold in the first half of 2019. June’s average sale price for a condominium class property was $308,482, an increase of 6.2% from last year while the average sale price of a residential-class property was $500,716, a rise of 11.4% from a year ago. YTD figures show a steady growth of 7.6% and 7.5% for residential and condominiums respectively. In the past decade we have seen an approximate 52% increase in r...
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Chantel Brownlee
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