MAY SALES NOT DAMPENED BY RECORD RAINFALL
The May stats are out. Here are the 3 key details to keep in mind:
- 2300 residential properties were sold in May, compared with 1919 in May 2016, an increase of 19.9%. The five-year average for May sales is 1946.
- The average sale price of a residential-class property sold in May in the Ottawa area was $436,625 an increase of 7.4% over May 2016.
- The average sale price for a condominium-class property sold in May in the Ottawa area was $270,993 an increase of 2.3% over May 2016.
Source: Ottawa Real Estate Board
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