Mild weather and increased activity post-election key factors in exceptional November

The November stats are out. Here are the 3 key details to keep in mind:

  1. 990 residential properties were sold in November, compared to 891 in November 2014 – an increase of 11.1%.
  2. The average sale price of a residential-class property sold in November was $380,761, 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.
  3. The average cumulative days on market was 104 days, which is very typical of a market that’s heading into the winter season.

Source: Ottawa Real Estate Board

sold for sale sign

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