In January, sales for Ottawa homes barely budged compared to the same time the year before, according to the latest numbers from the Ottawa Real Estate Board (OREB). The city recorded 589 sales last month compared to 594 in January 2013.
“Statistically, the difference is less than one per cent,” said President of the Ottawa Real Estate Board, Randy Oickle, in the news release.
“The market activity is encouraging for homeowners considering the deep freeze Ottawa experienced this past month – a time when people are more apt to stay in and stay warm instead of venturing out to search for a home.”
The average sales price plateaued last month too, rising by just one per cent year-over-year to $346,744. Condo-class properties saw prices dip by 1.1 per cent to $265,775, while residential-class properties had a 0.9 per cent bump, rising to the average of $368,779.
“The number of properties listed in January more than doubled the amount from the previous month – a normal occurrence at the beginning of the year as the holidays draw to a close and people begin to plan for the year ahead,” explained Oickle.
“The Ottawa resale market has remained steady. There have been no major increases or decreases in sales or prices notwithstanding the government’s intervention in mortgage rules over a year ago.”