Ottawa MLS Charts November 2016

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

Condominium Market Overview - Ottawa

November 2016 2016 2015 Change YTD 2016 YTD 2015 Change

New Listings 380 423 -11.3% 6,541 6,562 -0.3%

Active Listing Inventory 1,506 1,737 -15.3%

Sold Properties 230 199 13.5% 2,549 2,337 8.3%

Average Sale Price $277,650 $275,332 0.8%

Median Sales Price $226,500 $219,000 3.3%

Selling Time (days) 142 117

Months of Supply 5 7 2

Market Balance Balanced Buyers

Source: OREB

Explanation: This chart plots monthly 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.


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

Units

Ottawa MLS® Condominium Unit Sales

2014 2015 2016

Source: OREB

Explanation: This chart plots monthly 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.


220,000

230,000

240,000

250,000

260,000

270,000

280,000

290,000

300,000


Sale

Price

Condominium Average Sale Price

2014 2015 2016

Source: OREB

Explanation: This chart plots monthly MLS® median sales price for the current year and the previous two years.. The seasonal



$195,000

$200,000

$205,000

$210,000

$215,000

$220,000

$225,000

$230,000

$235,000

$240,000

$245,000


Units

Condominium Median Sale Price

2014 2015 2016

Source: OREB

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



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Month

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ale

Condominium Days on Market

2014 2015 2016

Source: OREB

Explanation: This chart plots monthly 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.


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1000

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UN

ITS

Ottawa MLS® Condo Listing Inventory

2014 2015 2016

Source: OREB

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



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Ottawa MLS® Condo ListingsTaken

2014 2015 2016

Source: OREB

Explanation: This chart plots monthly 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.


0.0

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Absorption Rate for Condominium Listings

2014 2015 2016

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.


Balanced Market

Seller’s Market

Buyer’s Market

5%

10%

15%

20%

25%

30%N

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Ottawa MLS® Sales To Inventory Ratio

Res Condo

Ottawa MLS Charts November 2016

Real Estate

Transcript of Ottawa MLS Charts November 2016