The Ottawa real estate market for resale homes was very strong throughout 2019.
Both condos and freehold prices increased an average of $9%.
An average of 5% more freehold homes sold each month in 2019 compared to 2018. Condo sales were up even more dramatically – an average of about 14% more sold every month compared to 2018!
And sales in December – which is normally a slow month for sales due to the weather and the holidays – were up particularly dramatically. Almost 14% more freehold properties sold in December 2019 compared to 2018. And condo sales were up 25% compared to December 2018! These numbers were likely influenced because we were lucky to have a lot of mild days this December, and very little snow for most of the month.
It will be interesting to see what 2020 brings.
Note that these stats are from central urban and suburban Ottawa and are therefore quite general. We’d love to hear from you if you have any questions about properties in your neighbourhood or your condo building. We’re never too busy to help you or your friends!