Members of the Ottawa Real Estate Board (OREB) sold 601 residential properties in December through the Board’s Multiple Listing Service® (MLS®) System, compared with 857 in December 2021, a decrease of 30%. December’s sales included 466 in the residential-property class, down 22% from a year ago, and 135 in the condominium-property category, a decrease of 48% from December 2021. The five-year average for total unit sales in December is 775.
- The average sale price for a condominium-class property in December was $434,973, an increase of 9% from 2021.
- The average sale price for a residential-class property was $655,839, decreasing 7% from a year ago.
- With year-to-date average sale prices at $769,623 for residential units and $453,770 for condominiums, these values represent a 7% increase over 2021 for residential-class properties and an 8% increase for condominium-class properties.
*Source: Ottawa Real Estate Board - https://www.oreb.ca/newsroom/quiet-december-caps-off-tumultuous-year/
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