Home sales in Ottawa faltered this November according to new numbers from the Ottawa Real Estate Board (OREB).
The board counted 891 properties sold last month, a 4 per cent drop from 939 transactions tallied the same time in 2012. The small decline in sales followed months of busier market activity recorded in August and September and the small rise seen in October.
“The number of residential properties sold in November, excluding condos, was only down by five units compared to this time last year,” said Tim Lee, President of OREB, in the news release.
“Sales for the first eleven months of the year are at 13,267, just slightly below the year-to-date sales for 2012.”
The average sale price of residential properties was $356,675, an increase of 1.9 per cent over last year. Condo prices remained static, keeping their average price of $258,118. The average sale price of a residential-class property was $380,593, a 1.2 per cent bump up from November 2012.