Ottawa Real Estate Board
“Buyer demand is there, but our inventory continues to decline.”
The chill most of us felt throughout January didn’t seem to apply to the Ottawa real estate market.
Condo sales up 22% last year.
Non-residents own 0.7% of Ottawa’s condos, according to data released by the Canadian Mortgage and Housing Corp.
“November numbers are upholding the robust year we have been experiencing in 2017," says OREB president Rick Eisert.
Sellers waiting an average of 45 days to move property, down 18%
“The market is showing signs of stabilizing after the record-setting spring and summer," says Ottawa Real Estate Board president Rick Eisert.
Properties are spending fewer and fewer days up for sale, while the average sale price in August was up 7.8 per cent year-over-year to $420,335.
More condo owners are bringing units to market as oversupply wanes
Fewer Ottawa homeowners are putting their properties up for sale, but that’s not taking any steam out of the local real estate market, new figures show.