The Ottawa real estate market is certainly consistent! There was a slight decrease in the number of residential properties sold in June 2012 compared to June 2011. Looking back over the past 10 years, a marginal decrease from May to June seems to be “the norm” and this year is no different. The general feeling is that our market continues to be a stable and steady one.
Members of the Ottawa Real Estate Board sold 1,660 residential properties in June through the Board’s Multiple Listing Service® system, compared with 1,719 in June 2011, a decrease of 3.4%.
The average sale price of residential properties, including condominiums, sold in June in the Ottawa area was $352,800, a slight decrease of 0.1 per cent over June 2011. The average sale price for a condominium-class property was $278,447, an increase of 0.8 per cent over June 2011. The average sale price of a residential-class property was $373,756, a slight decrease of 0.4 per cent over June 2011.
If you have any questions about the market – or would like to know the value of your home, please give me a call. I’d love to hear from you.