Ottawa Real Estate Market Report for September 2019
Our new layout for the Market Report – as an Infographic. Hope you like it!
In every aspect our market is still performing very well for sellers. More properties are selling faster and for higher prices.
Condos did particularly well in September: 30% more sales than September 2018; they sold almost twice as fast, in 36 days compared to 69; and the average price was up almost 9%!
Freehold properties did very well also. The stats aren’t as impressive as condos, but the inventory is so tight that it’s hard to sell more! The average sale price in September was up to $522,979, and year-over-year up an average of $33,809. Year/year sales were only up 2.4%, but September was up 12.7! And homes sold 25% faster than September last year.
Hopefully we’ll get back to a balanced market in the not too distant future, but for now it’s certainly a great time to be selling!