Скачать или смотреть Ottawa Real Estate Update - Feb. 2023

🏠📈📉 Housing Market Update for Ottawa, March 1, 2023. The average price for a home in Ottawa is now $622,568, a decrease of 18.6% over February, 2022. This number includes all residential houses and condos together.

Time Line:
00:00 - 00:20 Introduction
00:20 - 01:13 Freehold Residential Update
01:13 - 01:42 Condominium Update
01:42 - 02:01 Month over Month Prices 2023
02:01 - 02:45 Ottawa Prices stabilizing discussion

🔘Breaking down the average prices into houses and condos:

💲The average price for a freehold house in Ottawa for February was $719,961, down 18.7%. This includes detached singles, Townhouses and Semi-Detached homes.

💲The average price for a condominium in February was $415,672 down 12.3%. This includes apartments, row units and stacked-style condos.

🔘Number of Home Sales versus last year
Ottawa had 603 Residential Properties sell in February 2022, down 40.8%. (includes freehold and condos). 410 sales were freehold, down 43.1%, and 193 were condo sales, down 35.5% over last year.

❓ How long does it take to sell a Home in Ottawa?
Last month Freehold houses took 31 days to sell versus 7 days last year and Condominiums are taking 43 days to sell versus 17 days last year.

❓ Inventory Levels, how many homes are on the market?
There were 2,421 Residential Properties listed for sale at the end of last month. 1,954 were Freehold Listings versus 358 last year and 467 listings were condos versus 191 last year.

❓ Is it a Buyer's, Seller's or Balanced Market?
We are in a Seller's Market with 4 months or 16 weeks of inventory.

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