Here are the June 2024 numbers:
- Total number of units sold: 1,439 – increase 0.1% June 2023.
- Five-year average unit sales for June: down 7.5%.
- Ten-year average unit sales for June: down 13.2%.
“Ottawa continues to see steady activity as we head into the summer market,” says OREB President Curtis Fillier. “Unlike recent years, buyers have more room to wait, evaluate and be selective when searching for the right property at the right price, leading to a slight uptick in the days on market. Sellers are making moves as evidenced by the inventory and listings. After recovering from last year’s slowdown, Ottawa’s market performance is nearly back on par and continues to make gains.”
“It’s going to be an interesting summer and next half of the year. As confidence builds, there will be ample opportunities for both parties. Now is the time for sellers to ensure their property is at its best and priced appropriately to attract buyers who remain slightly reluctant. Buyers would do well to remember that inventory levels — and competition — can swing quickly in Ottawa’s tight market.”
Here are the June 2024 sales numbers:
- Average sale price of homes sold: $686,535 – down 0.5% in June 2023.
- Benchmark single-family homes price: $734,300 – down 0.2% in June 2023
- Benchmark townhouse/row unit price: $501,500 – down 1.6% in June 2023.
- Benchmark apartment price: $420,800 – down 1.7% in June 2023.
