STRONG CONDO SALES DRIVE THE JULY REAL ESTATE MARKET IN OTTAWA
The July stats are out. Here are the 3 key details to keep in mind:
- 1530 residential properties were sold in July, compared with 1490 in July 2016, an increase of 2.7%. The five-year average for July sales is 1446.
- The average sale price of a residential-class property sold in July in the Ottawa area was $420,335 an increase of 5.3% over July 2016.
- The average sale price for a condominium-class property sold in July in the Ottawa area was $267,641 an increase of 2.8% over July 2016.
Source: Ottawa Real Estate Board
