The Ottawa Real Estate Board has released that yes, in fact, there was a strong summer performance for the Ottawa resale market.
Members of the Ottawa Real Estate Board came through with a higher than the five year average in terms of number of units sold this summer season, while also still surpassing the sales status of summer 2014. Cumulatively, the average amount of days a home is listed for sale is at a low 89 days, while the amount of inventory for residential and condominium properties also lowered from last month by 5.3 percent.
Real Estate sales for combined condominium property and residential property class amount in 1279 units. The average sale price for residential property sold in August within the Ottawa area was $379,946, a slight decrease of 0.1 percent from 2014. The average sale price for a condominium property was $244,801, a much larger decrease of 7.3 percent from 2014.
As usual, the majority of home buyers are interested in properties with a price range of $300,000 to $400,000.