August is typically a slower month for real estate sales and purchases as families are getting ready for back-to-school, and getting in vacations while the weather is still nice and before the work and school gets back into gear.
The stats for August are still up in all our measurements: number of units sold and average prices. Neither condos nor freeholds were not up as much as they were in July (in price or volume), but the 12 month averages are pretty consistent.
These stats are for the Ottawa urban area, and therefore should not be thought of as indicative for a particular neighbourhood. We’d be happy to do stats for your neighbourhood, or if you have some other measurement you’d like to see us review! Just contact us