Ottawa Real Estate Update | September 2021 Edition
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.
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.