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Ottawa Real Estate Update | October 2021 Edition 

 

Last month in September 2021 members of the Ottawa Real Estate Board sold 1,607 residential properties a decrease of 30.6%* compared to 2,314 in September 2020.

We had 2,252 new properties listed for sale in August which is a 29.2% decrease compared to September 2020, leaving the total number of residential properties for sale at 2,019 a decrease of 1% from September of last year.

We currently have 1.3 Month Of Inventory on the market and a new listing sales rate of 71.4%, still a strong seller's market in Ottawa.
 
It took an average of 25 days for properties of all types to sell in September which is 2 days longer than the average in September 2020 and 1 day longer than August 2021.   
 
Of these 1,607 sales, 1,244 were freehold houses, and 363 were condominiums. 
 
The average sales price for a freehold house sold in September 2021, was $702,155 showing an increase of 13.0% over September 2020.  While condominium average prices rose 13.8% from last year to $425,362.  
 

Last Year: 2020 in Review

During 2020, there were 18,971 sales by the Ottawa Real Estate Board members.
Compared to 17,613 in 2019, 
an increase of 1.9%.

Nearly 60% of 2020's sales occurred from July-December which was a shift in the years seasonal market due to the pandemic, where 40% of Ottawa sales usually occur in the last 2 quarters.


It took an average of 28 days for properties of all types to sell in 2020 which is a decrease of 25% from 2019. 
 
Of these 18,971 sales, 14,455 (+3.0% from '19) were freehold houses, and 4,516 (-1.5% from '19) were condominiums.
 
The average sales price for a freehold house sold in 2020, was $582,267 showing an increase of 19.7% over 2019, while condominium average prices rose 18.8% from last year to $361,337.
 
 
 

Last Month In Ottawa Real Estate


Last Month in Ottawa Real Estate
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OTTAWA HOME SALES & PRICES TRENDS (2018-2021)


The Tulip Team Real Estate Statistics for Ottawa
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The Tulip Team Real Estate Statistics for Ottawa
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Ottawa Home Sales & Prices over the last 10 Years & 62 Year History of the Ottawa Real Estate Board

 
10 & 62 Year History of Ottawa Real Estate
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