Ottawa home sales sizzle in July

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

  1. 1,491 residential properties were sold in July, compared with 1,430 in July 2015, an increase of 4.3 per cent. The five-year average for July sales is 1,413.
  2. The average sale price of a residential-class property sold in July was $398,608, with residential two-storey and bungalows in the $300,000 to $400,000 price range having the highest concentration of buyers.
  3. The average residential sale price has increased 1.1 per cent over July 2015.

Source: Ottawa Real Estate Board

sold for sale sign

Leave a Reply