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Market Update for Ottawa - October 2018

By
Real Estate Sales Representative with Keller Williams Realty Inc.

The Ottawa Real Estate market is still pretty active, considering we are now in November. 

 During the month of October 2018, there were 1,383 residential properties sold in Ottawa. In October 2017, there were 1,237 transactions, which means an increase of 11.8% over last year. The breakdown of Residential to Condo is 1,223 vs 324 for condos. 

What are you seeing in your neighborhood? 

The average price of a residential home in Ottawa is $449,005 and the average condo price is $271,350. The prices keep increasing which means a very solid market. 

If you or someone you know is thinking of selling, this might be a good time to put it up on the market as the inventory is still low and clients are still looking for their dream homes. Give us a call and we can help.

 

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