Steady September market for Ottawa real estate: OREB

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Real estate agents in the city are “fortunate to enjoy one of the most stable real estate markets” in the country, according to the president of the Ottawa Real Estate Board (OREB).

OREB released September numbers Friday that showed members of the board sold 1,133 residential properties, compared with 1,118 in September 2013.

The five-year average for the month is 1,103.

Randy Oickle said volume and sales prices were stable for August and September and comparable to 2013 on a year-to-date basis.

In September, 232 condominiums were sold along with 901 residential properties. The average price was $254,036 for a condo and $383,406 for a home. The average condo price was down 1.2 per cent from last year, while the average house price increased 3.2 per cent.

“The $300,000 to $399,999 price range continues to have the highest concentration of properties sold, followed by the $500,000 to $749,999 range, which is closely followed by the $275,000 to $299,999 price range,” Mr. Oickle said in a statement.