We have a market update for you for Ottawa’s real estate market for the month of June 2019. We are still seeing that it is a seller’s market and it will be interesting to see how that plays out for the summer months. For Residential sales, the number of
sales is up 2% from last June to a total of 2,105 sold last month with the average price being $500,716 up 11.4% from last year. For Condo sales, the number is up 8.8% over last June with an average sale price increase of 6.2% to $308,482.
43% of homes sold, sold between $350,000 and $499,999 and 29% of properties sold between $500,000 to $749,999. 55% of condos sold between $225,000 and $349,999.
As always please let us know if you have any questions at all regarding your immediate neighbourhood and home as neighbourhoods in Ottawa can differ greatly and this is just an overview of general stats. We love visiting with you and chatting about the market and your buying and selling needs! Now is a great time to do both!