Archives for Statistics

Ottawa Real Estate Statistics

The facts: Number of Sales (1,594) –  decrease of 4.1% Average Sale Price ($359,232) – increase of 1.9% Days on Market = 42 days New Listings – increase of 3.9% The Ottawa Real Estate Board reported 1,594 unit sales in June, a decrease of 4.1% compared with June 2012. The five year average for sales in the month of June is 1,717 units. New listings taken in the month increased slightly by 3.9% compared with June 2012.  The average sale price in June was at $359,232 an increase of 1.9% over 2012.  The listing inventory continues to grow but at a
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Ottawa Real Estate Statistics

The statistics are based on sales figures released by the Ottawa Real Estate Board on June 5th and include sales of both residential and condominium properties in the Greater Ottawa Area. The Ottawa Real Estate Board reported 1,804 unit sales in May, a decrease of 4.6% compared with May 2012. The five year average for sales in the month of May is 1,802 units. New listings taken in the month increased slightly by 5.5% compared with May 2012.  The average sale price in May was at $370,501an increase of 2.1% over 2012.  The listing inventory continues to grow steadily being up
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Ottawa Real Estate Statistics

The statistics are based on sales figures released by the Ottawa Real Estate Board on May 3rd and include sales of both residential and condominium properties in the Greater Ottawa Area. The facts: Number of Sales (1,573) – increase of 0.3%   Average Sale Price ($371,565) – increase of 2.1%  Days on Market = 39 days New Listings – increase of 14.8%  Sales-to-Inventory Ratio – 22%  (Balanced Market)  The Ottawa Real Estate Board reported 1,573 unit sales in April which is a slight increase of 0.3% compared with April 2012. The five year average for sales in the month of April
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Ottawa Real Estate Statistics

The Ottawa Real Estate Board reported 1,167 unit sales in March which was a decrease of 15.9% compared with March 2012. The five year average for sales in the month of March is 1,275 units.  The lower level of sales was balanced by the lower number of listings coming on the market which is keeping prices flat. New listings for the month were higher than the previous month but decreased by 1.7% compared with March 2012.  The average sale price in March was at $358,102, a slight increase of 1% over 2012.  The listing inventory has increased from the previous
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Spring market shows moderating trend

Members of the Ottawa Real Estate Board sold 1,167 residential properties in March through the Board’s Multiple Listing Service® system, compared with 1,388 in March 2012, a decrease of 15.9 per cent. “The Ottawa market has been described as steady and stable for the past few years. It’s not going up drastically, and it’s not going down drastically,” says Tim Lee, President of the Ottawa Real Estate Board. “The market was forecasted to slow down in 2013 as a result of recent mortgage changes, and indeed it has.” “According to chief economists at the Canadian Real Estate Association (CREA) and
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Ottawa Real Estate Statistics

The statistics are based on sales figures released by the Ottawa Real Estate Board on March 5th and include sales of both residential and condominium properties in the Greater Ottawa Area. The facts: # of Sales (914) –  decrease of 9.3% Avg. Sale Price ($346,774) – decrease of 1.1% Days on Market = 45 days New Listings – increase of 1% Inventory Absorption Rate –  6.5 months Sales-to-Inventory Ratio – 17%  (Balanced Market) The Ottawa Real Estate Board reported 914 unit sales in February which was a decrease of 9.3% over February 2012. The five year average for sales in
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MLS statistics – Year end overview

2012 – Ottawa Real Estate Board Membership – 2,889 2012 – 14,308 homes sold – 0.5% decrease from 2011 2011 – 14,389 homes sold – 1.5% increase from 2010 5 Year Average Homes Sold – 14,274   2012 – Average MLS Sale Price – $351,792 – 2.3% increase over 2011 2011 – Average MLS Sale Price – $343,701 – 5.2% increase over 2010   2012 – Ended with Average Days on the Market at 56 Days 2011 – Ended with Average Days on the Market at 50 Days   2012 – Nestling into a Buyer Market position… 2011– Clinging to
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Ottawa Real Estate Statistics

The facts: Number of Sales (602) –  decrease of 11.7%   Avg. Sale Price ($342,458) – decrease of 1.8%   Days on Market – 55 days New Listings – increase of 15%   Inventory Absorption Rate –  5.5 months  Sales-to-Inventory Ratio – 12%  (Buyer’s Market)    The Ottawa Real Estate Board reported 602 unit sales in January which was a decrease of 11.7% over January 2012. The five year average for sales in January is 667 units.  New listings for the month was higher than the previous month and increased 15% over January 2012.  The average sale price in January was at $342,458, a slight decrease of 1.8% from January 2012.  The listing inventory increased from the previous month and is up 15% over January 2012.  The sales to listing inventory ratio was at 12% which indicates a buyers market.  The
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Ottawa market dips post “cool down”

Members of the Ottawa Real Estate Board sold 602 residential properties in January through the Board’s Multiple Listing Service® system, compared with 682 in January 2012, a decrease of 11.7 per cent. “The Ottawa resale market, which started to flatten out in November and December – potentially as a result of the governments’ aim to “cool down” the market – maintained its steadiness into January,” says Tim Lee, President of the Ottawa Real Estate Board.  “January 2013 isn’t too far off from the numbers we’ve seen in recent years, and although the units sold are a tad lower, Ottawa remains
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Steady as she goes for the Ottawa resale market in 2012

Members of the Ottawa Real Estate Board sold 618 residential properties in December through the Board’s Multiple Listing Service® system, compared with 695 in December 2011, a decrease of 11.1 per cent. The five-year average for December sales is 617. The total number of homes sold through the Board’s MLS® system in 2012 was 14,308, only a minor decrease from the 14,389 homes sold in 2011. However, resale home sales in 2012 were slightly above the five-year average of 14,274. The average sale price for 2012 was $351,792, an increase of 2.3 per cent over 2011. “Looking back at the
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