prepared by: Rick Snell, Broker, Royal LePage Performance Realty, brokerage independently owned and operated

Condominium Market Overview - Ottawa

January 2017 2017 2016Change

YTD

2017

YTD

2016 Change

New Listings 472 495 -4.9% 472 495 -4.9%

Active Listing

Inventory 1,349 1,510 -11.9%

Sold Properties 119 129 -8.4% 2,934 129 95.6%

Average Sale Price $288,655 $247,205 14.4%

Median Sales Price $214,000 $215,500 -0.7%

Selling Time (days) 139 115

Months of Supply 6 8

Market Balance Buyers Buyers

List$/Sale$ Ratio 96.0%

Source: OREB

Explanation: This chart plots monthly Residential property MLS® sales for the current year and the previous two years.

The seasonal trend can be seen as well as a comparison to the previous year each month.

prepared by: Rick Snell, Broker, Royal LePage Performance Realty, brokerage independently owned and operated

0

50

100

150

200

250

300

350

400

Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

Units

Ottawa MLS® Condominium Unit Sales

2015 2016 2017

Source: OREB

Explanation: This chart plots monthly Residential properties MLS® average sales price for the current year and the previous two

years.. The seasonal trend can be seen as well as a comparison to the previous year each month.

prepared by: Rick Snell, Broker, Royal LePage Performance Realty, brokerage independently owned and operated

220,000

230,000

240,000

250,000

260,000

270,000

280,000

290,000

300,000

Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

Sale

Price

Condominium Average Sale Price

2015 2016 2017

Source: OREB

Explanation: This chart plots monthly Residential properties MLS® median sales price for the current year and the previous two

years. The seasonal trend can be seen as well as a comparison to the previous year each month.

prepared by: Rick Snell, Broker, Royal LePage Performance Realty, brokerage independently owned and operated

$195,000

$200,000

$205,000

$210,000

$215,000

$220,000

$225,000

$230,000

$235,000

$240,000

Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

Units

Condominium Median Sale Price

2015 2016 2017

Source: OREB

Explanation: This chart plots monthly MLS® selling time for the current year and the previous two years. The seasonal

trend can be seen as well as a comparison to the previous year each month.

prepared by: Rick Snell, Broker, Royal LePage Performance Realty, brokerage independently owned and operated

0

20

40

60

80

100

120

140

160

Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

Month

s u

ntil S

ale

Condominium Days on Market

2015 2016 2017

Source: OREB

Explanation: This chart plots monthly Residential properties MLS® listing inventory for the current year and the

previous two years.. The seasonal trend can be seen as well as a comparison to the previous year each month.

prepared by: Rick Snell, Broker, Royal LePage Performance Realty, brokerage independently owned and operated

0

500

1000

1500

2000

2500

Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

UN

ITS

Ottawa MLS® Condo Listing Inventory

2015 2016 2017

Source: OREB

Explanation: This chart plots monthly Residential properties MLS® new listings for the current year and the previous

two years. The seasonal trend can be seen as well as a comparison to the previous year each month.

prepared by: Rick Snell, Broker, Royal LePage Performance Realty, brokerage independently owned and operated

0

100

200

300

400

500

600

700

800

900

1000

Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

UN

ITS

Ottawa MLS® Condo ListingsTaken

2015 2016 2017

Source: OREB

Explanation: This chart plots monthly Residential properties MLS® absorption rate for three years. The absorption rate

is the # of months it would take to sell off existing listing inventory at the current pace of sales.

prepared by: Rick Snell, Broker, Royal LePage Performance Realty, brokerage independently owned and operated

0.0

2.0

4.0

6.0

8.0

10.0

12.0

14.0

Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

Mo

nth

s o

f S

up

ply

Absorption Rate for Condominium Listings

2015 2016 2017

Source: OREB

Explanation: This chart plots monthly MLS® sales to listing inventory ratio for three years. This ratio indicates the

market balance. A ratio between 15%-25% is a balanced market which favors neither buyer or seller. A ratio below

15% favors buyers (supply is high - demand is low). A ratio above 25% favors sellers (supply is low - demand is high)

The red line shows the residential homes ratio, the green line shows the ratio for condominiums. .

prepared by: Rick Snell, Broker, Royal LePage Performance Realty, brokerage independently owned and operated

Buyer’s Market

Balanced Market

Seller’s Market

5%

10%

15%

20%

25%

30%

Jan

'14

Fe

b'1

4

Ma

r'1

4

Ap

r'1

4

Ma

y'1

4

Jun

'14

Jul'1

4

Au

g'1

4

Se

p'1

4

Oct'1

4

Nov'1

4

Dec'1

4

Jan

'15

Fe

b'1

5

Ma

r'1

5

Ap

r'1

5

Ma

y'1

5

Jun

'15

Jul'1

5

Au

g'1

5

Se

pt'15

Oct'1

5

Nov'1

5

Dec'1

5

Jan

'16

Fe

b'1

6

Ma

r'1

6

Ap

r'1

6

Ma

y'1

6

Jun

'16

Jul'1

6

Au

g'1

6

Se

p'1

6

Oct'1

6

Nov'1

6

Dec'1

6

Jan

'17

Ottawa MLS® Sales To Inventory Ratio

Res Condo