Ottawa Market Report
OREB Members sold 1,459 residential properties in November through the Board’s MLS system, compared with 1,605 in November 2020, a decrease of 9 percent. There was also a decrease of 10 percent in the number of properties sold year-over-year.
The residential-property class was up 19 percent from last November, with an average price of $635,975. The average sale price for a bungalow property in November was up 21 percent from last November with an average price of $676,959.
Lack of supply continues to put pressure on prices, with inventory remaining at a one-month supply for residential properties. OREB members assisted clients with renting 4,458 properties since the beginning of the year compared to 3,120 at this time last year.
Read more about the Ottawa November 2021 Market Report here: https://www.oreb.ca/newsroom/novembers-brisk-resale-market/Posted by Kevin Sharpe on