Ottawa, September 7, 2005: According to statistics released today by the Ottawa Real Estate Board, 1,090 residential properties were sold through the Multiple Listing Service® in September. In September 2004, members of the Board sold 961 properties.
“The market continues to be on pace with last year’s sales, with 10,652 by the end of September 2005 compared with 10,693 by September 2004,” said Board President Jeff Greenberg. “Further, the average price of residential properties remains virtually the same as August. The average price of residential properties sold in September in the Ottawa area was $239,634.”
The Board cautions that average price information can be useful in establishing trends over time but should not be used as an indicator that specific properties have increased or decreased in value. The average price is calculated based on the total dollar volume of all properties sold.
The Ottawa Real Estate Board is an industry association of over 2,100 sales representatives and brokers in the Ottawa area. Members of the Board are also members of the Ontario and Canadian Real Estate Associations and are entitled to use the term REALTOR®. MLS® is a co-operative marketing system used by the Board’s members to ensure maximum exposure of properties listed for sale. MLS® commercial and residential listings are available for viewing on the Board’s internet site at www.OttawaRealEstate.org and on the national website of The Canadian Real Estate Association at www.mls.ca. Information about listings and open houses is also available in the Board’s weekly newspaper, Ottawa Real Estate Guide.