Ottawa Market Report
OREB Members sold 1,677 residential properties in October through the Board’s MLS system, compared with 2,132 in October 2020. There was a decrease of 21 percent in the number of properties sold year-over-year.
The residential-property class was up 19 percent from last October, with an average price of $716,378. The average sale price for a condominium-class property in October was up 10 percent from last October with an average price of $404,760.
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 4,012 properties since the beginning of the year compared to 2,829 at this time last year.
Read more about the Ottawa October 2021 Market Report here: https://www.oreb.ca/newsroom/octobers-resales-track-a-traditional-cycle/Posted by Kevin Sharpe on