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Ottawa Market Update December 2019 - Chantel Brownlee
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Ottawa Market Update December 2019 Posted on: January 24th, 2020 by Chantel Brownlee Members of the Ottawa Real Estate Board (OREB) sold 761 residential properties in December through the Board’s Multiple Listing Service® System, an increase of 15.3% over December 2018. December’s statistics reflect the same story we’ve seen all year – historically low supply yet higher unit sales than in previous years. Days on market continued to decline, especially in certain pockets of the city, as properties that came on the market were snapped up by prepared buyers. Condo sales led the way, offering lower price point options for homebuyers that simply weren’t available in the residential category. The total number of residential and condo units sold throughout 2019 was 18,622, compared with 17,467 in 2018, an increase of 6.6%. Residential property class sales went up by 4.7% and condominium property class sales incr...
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Chantel Brownlee
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