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Ottawa Market Update, November 2019 - Chantel Brownlee
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Ottawa Market Update, November 2019 Posted on: December 4th, 2019 by Chantel Brownlee Members of the Ottawa Real Estate Board sold 1,288 residential properties in November through the Board’s Multiple Listing Service® System, compared with 1,161 in November 2018, an increase of 10.9%. November’s sales included 958 in the residential-property class, up 10.5% from a year ago, and 330 in the condominium-property category, an increase of 12.2% from November 2018. The five-year average for November unit sales is 1,133. Even with the typical winter slowdown, Ottawa’s home resale market still experienced a relatively brisk pace in November. Our inventory is not having a chance to build as it is being absorbed as quickly as it comes on the market. That’s why there are so many sales every month even though the supply stock is low. November’s average sale price for a condominium-class property was $313,734, an increase of 9.8% from last year while the average sale price of ...
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Chantel Brownlee
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