OTTAWA MARKET REPORT
OREB Members sold 862 residential properties in December through the Board’s Multiple Listing Service system (MLS), compared to 997 in December 2020, a decrease of 14 percent. Bungalows saw a 17 percent increase in price year-over-year with an average sales price of $669,750, while two-storey homes averaged $736,137 - a 16.8% increase year-over-year.
Six hundred new listings entered the housing stock in December, a 58 percent decrease from November. December’s resale market performed as expected, with a marked decrease in sales from November.
OREB members assisted clients with renting 4,8133 properties since the beginning of the year, compared to 3,364 in 2020.
Read more about the Ottawa December 2021 Market Report here: https://www.oreb.ca/newsroom/2021-resale-market-normalizes-and-breaks-records/Posted by Kevin Sharpe on