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Ottawa Real Estate Update | September 2021 Edition 

 

Last month in August 2021 members of the Ottawa Real Estate Board sold 1,572 residential properties a decrease of 21.6%* compared to 2,006 in August 2020.

We had 2,037 new properties listed for sale in August which is a 18.7% decrease compared to August 2020, leaving the total number of residential properties for sale at 2,010 an increase of 5.6% from August of last year.

We currently have 1.3 Month Of Inventory on the market and a new listing sales rate of 77.2%, still a strong seller's market in Ottawa.
 
It took an average of 24 days for properties of all types to sell in August which is 1 day longer than the average in August 2020 and 4 days longer than June 2021.   
 
Of these 1,572 sales, 1,175 were freehold houses, and 397 were condominiums. 
 
The average sales price for a freehold house sold in August 2021, was $674,449 showing an increase of 13.7% over August 2020.  While condominium average prices rose 5.9% from last year to $407,148.  
 

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)


 
 

Ottawa Home Sales & Prices over the last 10 Years & 62 Year History of the Ottawa Real Estate Board