OTTAWA MARKET REPORT

January’s sales were very strong for a traditionally slower month, as OREB Members sold 936 residential properties this past month, a decrease of 3 percent compared with 963 in January 2021. There were 661 sales of residential properties, which is down just 2 percent from 2021. Sale prices have continued to steadily increase with the lack of inventory.

The average sale price for condominiums was $447,943 for an 18 Percent increase from last year. The average sale price was up 14 percent from last year for residential property types at $771,739.

If you are thinking about selling your home, there has never been a better time. Contact me today and let’s talk.