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Ottawa Market Update November 2022 – 50 Years of Change

Ottawa Real Estate Market – November 2022 Statistics

OTTAWA, December 6, 2022 – Members of the Ottawa Real Estate Board (OREB) sold 846 residential properties in November through the Board’s Multiple Listing Service® (MLS®) System, compared with 1,456 in November 2021, a decrease of 42%. November’s sales included 658 in the residential-property class, down 39% from a year ago, and 188 in the condominium-property category, a decrease of 50% from November 2021. The five-year average for total unit sales in November is 1,270.

Whether you’re looking for a property or are planning to sell yours, our Ottawa and Kanata real estate agents can answer your questions about the current real estate market, provide you with a current market valuation of your home and assist you in your search. Do not hesitate to contact one of our experienced REALTORS® today, we’ll be happy to help you.

 

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