The July Ottawa resale market was well above the five-year average

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

  1. 1,436 residential properties were sold in Ottawa in July, just four units less than in July 2014.
  2. The average sale price of a residential-class property sold in July in the Ottawa area was $394,889, an increase of 4.5 per cent over July 2014.
  3. The average cumulative days on market was 78 days, up slightly from 74 in June. Inventory levels remain high, making this a buyer’s market.

Source: Ottawa Real Estate Board


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