The Ottawa Real Estate Board has released its monthly housing statistics for July of 2013, noting a steady market. According to the latest press release, members of the Board sold 1,339 residential properties in the month of July, compared with 1,376 in the same month of 2012. While there is a slight decrease, the number of sales for July 2013 remains only just below the five-year average of 1,347. As the President of the Board adds, “Ottawa remains balanced, and we are not seeing major fluctuations that other large Canadian cities sometimes experience.” Meanwhile, the average sale price for residential properties was $359,551 in July of this year, which is an increase of 6.6% over the same time period in 2012.
For more details on the housing statistics, please view the press release below, or visit the Ottawa Real Estate Board website. For additonal information, or for updates on the Ottawa real estate market, please contact us at one of our branch locations, or search our website for a sales representative who can help you.