Ottawa Market Stable and Increasing
November 5th. News release from the Ottawa Real Estate Board shows that there is an increase in units sold, as well as an increase in average sale price. Units sold october 2012 increased 1.3% over the same period of October 2011.
The average sale price of residential properties, including condominiums, sold in October in the Ottawa area was $346,492, an increase of 2.5 per cent over October 2011
“Compared to the five-year average, Ottawa is right on track, indicating that we are not experiencing a real estate downturn in Ottawa, but a slow, steady incline in units sold and average sale price,” notes Ansel Clarke, President of the Ottawa Real Estate Board. “Ottawa continues to be great place to buy and/or sell a home.”
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