2015 Ottawa market up 5 per cent from previous year
The 2015 stats are out. Here are the 3 key details to keep in mind:
- 14, 658 residential-class properties were sold throughout 2015, an increase of 5.3 per cent over 2014.
- The average sale price of a residential-class property sold in 2015 was $391,940, and the majority of Ottawa buyers continue to buy properties in the $300,000 to $400,000 price range, followed very closely by the $200,000 to $300,000 range.
- The average cumulative days on market was 86 days, which is very typical of a market that’s heading into the winter season.
Source: Ottawa Real Estate Board
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