Ottawa Market Report

Home sales in Ottawa were up 24.51 percent for June 2021 from June 2020, with average sales price being $659,929.

Members of the Ottawa Real Estate Board (OREB) sold 2,131 residential properties in June through the Board’s Multiple Listing Service® System, compared with 2,038 in June 2020, an increase of 5 percent. June’s sales included 1,647 in the residential-property class, up 2 percent from a year ago, and 484 in the condominium-property category, an increase of 13 percent from June 2020. The five-year average for total unit sales in June is 2,098.

Year to date sales are tracking 48 per cent higher than last year at this time, which is due to the increased activity in the first five months of 2021 compared to the previous years.

June’s average sale price for a condominium-class property was $435,198, an increase of 21 percent from last year, while the average sale price for a residential-class property was $725,970, an increase of 26 percent from a year ago. With year-to-date average sale prices at $734,357 for residential and $422,734 for condominiums, these values represent a 33 percent and 20 percent increase over 2020, respectively.

OREB Members also assisted clients with renting 2,252 properties since the beginning of the year compared to 1,512 at this time last year.

Read more about the Ottawa June 2021 Market Report here: https://www.oreb.ca/newsroom/2021/ https://www.oreb.ca/newsroom/2021/

Posted by Kevin Sharpe on
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