Ottawa Real Estate Market Stats - November 2020
Wednesday Dec 16th, 2020
"Members of the Ottawa Real Estate Board sold 1,611 residential properties in November through the Board’s Multiple Listing Service® System, compared with 1,284 in November 2019, a year over year increase of 26 per cent. November’s sales included 1,209 in the residential-property class, up 27 per cent from a year ago, and 402 in the condominium-property category, an increase of 23 per cent from November 2019. The five-year average for November unit sales is 1,257.
November’s average sale price for a condominium-class property was $361,758, an increase of 15 per cent from this time last year, while the average sale price of a residential-class property was $602,892, an increase of 20 per cent from a year ago. With year-to-date average sale prices at $581,120 for residential and $361,674 for condominiums, these values represent a 20 per cent and 19 percent increase over 2019, respectively."
*Source: Ottawa Real Estate Board - https://www.oreb.ca/newsroom/no-signs-of-slowdown-in-ottawa-resale-market/*