Modest Gains Across Ottawa’s MLS® Market a Sign of Shared Confidence
The number of homes sold through the MLS® System of the Ottawa Real Estate Board (OREB) totaled 1,456 units in April 2024. This was an increase of 8.9% from April 2023.
| Ottawa MLS® Market Shows Early Signs of a Buzzing Spring Market |
| The number of homes sold through the MLS® System of the Ottawa Real Estate Board totaled 1,165 units in March 2024. This was an increase of 10% from March 2023.
Home sales were 21.5% below the five-year average and 15% below the 10-year average for the month of March. On a year-to-date basis, home sales totaled 2,678 units over the first three months of the year — an increase of 13.1% from the same period in 2023. |
The number of homes sold through the MLS® System of the Ottawa Real Estate Board totaled 886 units in February 2024. This was an increase of 15.2% from February 2023.
Ottawa MLS® December Home Sales Close Out Year in Steady State
The number of homes sold through the MLS® System of the Ottawa Real Estate Board totalled 565 units in December 2023. This was an increase of 7.6% from December 2022.
Ottawa MLS® October Home Sales Show Typical Lull
The number of homes sold through the MLS® System of the Ottawa Real Estate Board totaled 816 units in October 2023. This was a small reduction of 2.7% from October 2022.
Ottawa resale market heats up in May
Sales increase for the first time since February 2022
Members of the Ottawa Real Estate Board (OREB) sold 1,939 residential properties in May through the Board’s Multiple Listing Service® (MLS®) System, compared with 1,830 in May 2022, an increase of 6%. May’s sales included 1,477 in the freehold-property class, up 8% from a year ago, and 462 in the condominium-property category, a 1% increase from May 2022. The five-year average for total unit sales in May is 1,961.
Resale Market Springs Back in Favour of Sellers
Members of the Ottawa Real Estate Board (OREB) sold 1,488 residential properties in April through the Board’s Multiple Listing Service® (MLS®) System, compared with 1,876 in April 2022, a decrease of 21%. April’s sales included 1,156 in the freehold-property class, down 18% from a year ago, and 332 in the condominium-property category, a decrease of 29% from April 2022. The five-year average for total unit sales in April is 1,739.