More Properties Are Selling During Slowdown of Ottawa's Real Estate Market
The impact of high inflation and high interest rates have slowed down Ottawa's real estate market. Despite the slowdown, there are still some properties that have been sold more consistently every week in the market from July 2022 to August 2022. Here are a list of properties that were selling during that specific time period.
Property Type | July 2022 Sales | August 2022 Sales | % Change | Average Sale Price (August 2022) |
2-Storey Detached | 307 | 355 | +12.5% | $751,839 |
Bungalows | 344 | 357 | +3.8% | $612,076 |
2-Storey Townhomes | 172 | 184 | +7% | $591,160 |
Condo/One-Level Apartments | 165 | 174 | +5.4% | $415,809 |
2-Storey Condo Townhomes | 62 | 66 | +6.5% | $407,547 |
Ottawa's real estate market slowdown had a significant impact on average sale prices in most of the following districts: