Ottawa Real Estate Market Stats for December 2015
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Transcript of Ottawa Real Estate Market Stats for December 2015
Source: OREB
Explanation: This chart plots monthly MLS® sales for the current year and the previous year. The blue line shows the
5 year average sales trend. The seasonal trend can be seen as well as a comparison to the previous year each month.
prepared by: Rick Snell, Broker for- Keller Williams Ottawa Realty, brokerage independently owned and operated
0
500
1,000
1,500
2,000
2,500
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Un
its
Ottawa MLS® Unit Sales
2014 2015 5 year AVG
Source: OREB
Explanation: This chart plots monthly MLS® average sales price for the current year and the previous year. The blue line shows
the 5 year average sale price trend. The seasonal trend can be seen as well as a comparison to the previous year each month.
prepared by: Rick Snell, Broker for- Keller Williams Ottawa Realty, brokerage independently owned and operated
220,000
240,000
260,000
280,000
300,000
320,000
340,000
360,000
380,000
400,000
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Avera
ge S
ale
$Average Sale Price
2014 2015 5 year AVG
Source: OREB
Explanation: This chart plots monthly MLS® selling time for the current year and the previous year. The seasonal trend
can be seen as well as a comparison to the previous year each month.
prepared by: Rick Snell, Broker for- Keller Williams Ottawa Realty, brokerage independently owned and operated
0
20
40
60
80
100
120
140
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Cum
ula
tive D
ays
Average Selling Time
2014 2015
Source: OREB
Explanation: This chart plots monthly MLS® listing inventory for the current year and the previous year. The blue line
shows the 5 year average inventory trend. The seasonal trend can be seen as well as a comparison to the previous
year each month.
prepared by: Rick Snell, Broker for- Keller Williams Ottawa Realty, brokerage independently owned and operated
0
1,000
2,000
3,000
4,000
5,000
6,000
7,000
8,000
9,000
10,000
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
UN
ITS
Ottawa MLS® Listing Inventory
2014 2015 5 year AVG
Source: OREB
Explanation: This chart plots monthly MLS® new listings for the current year and the previous year. The blue line
shows the 5 year average new listings trend. The seasonal trend can be seen as well as a comparison to the previous
year each month.
prepared by: Rick Snell, Broker for- Keller Williams Ottawa Realty, brokerage independently owned and operated
0
500
1,000
1,500
2,000
2,500
3,000
3,500
4,000
4,500
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
UN
ITS
Ottawa MLS® ListingsTaken
2014 2015 5 year AVG
Source: OREB
Explanation: This chart plots monthly MLS® absorption rate for two years. The absorption rate is the # of months it
would take to sell off existing listing inventory at the current pace of sales. The red line shows the residential homes
absorption rate, the green line shows the rate for condominiums and the blue line is residential & condos combined.
prepared by: Rick Snell, Broker for- Keller Williams Ottawa Realty, brokerage independently owned and operated
0
2
4
6
8
10
12
14
Dec'1
3
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
De
c'1
5
Mo
nth
s o
f S
up
ply
Inventory Absorption Rate
RES CONDO RES+CDO
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 and the blue line
represents residential & condos combined..
Seller’s Market
Balanced Market
Buyer’s Market
prepared by: Rick Snell, Broker for- Keller Williams Ottawa Realty, brokerage independently owned and operated
5%
10%
15%
20%
25%
30%
Dec'1
2
Jan
'13
Fe
b'1
3
Ma
r'1
3
Ap
r'1
3
Ma
y'1
3
Jun
'13
Jul'1
3
Au
g'1
3
Se
pt'13
Oct'1
3
Nov'1
3
Dec'1
3
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
Sales To Inventory Ratio - Ottawa
Res Condo RES+CDO
Source: OREB
Explanation: This chart plots monthly MLS® sales for two years. The red bar shows the residential portion of total sales
and the green bar is the condominium portion of total sales. This shows seasonal sales trend. Condos represent @
21% of total sales and residential listings represent @ 79% of sales.
prepared by: Rick Snell, Broker for- Keller Williams Ottawa Realty, brokerage independently owned and operated
0
500
1000
1500
2000
2500D
ec'1
3
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
Un
its
Unit Sales
Residential Condo
Source: OREB
Explanation: This chart plots monthly MLS® average sale price for two years. The red bar is residential and the green
bar is condominium. The blue line is the combined average sale price. Shows seasonal sale price trend and property
type difference in average sale price.
prepared by: Rick Snell, Broker for- Keller Williams Ottawa Realty, brokerage independently owned and operated
225,000
245,000
265,000
285,000
305,000
325,000
345,000
365,000
385,000
405,000
425,000D
ec'1
3
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
Ave
rag
e S
ale
$
Avg. Sale Price
Residential Condo Res + Condo
Source: OREB
Explanation: This chart plots monthly MLS® listings taken for three years. The red bar shows the residential portion of
total new listings and the green bar is the condominium portion of the total new listings taken. Shows seasonal trend
and proportion of property type mix. Condos are a smaller portion of the market.
prepared by: Rick Snell, Broker for- Keller Williams Ottawa Realty, brokerage independently owned and operated
0
500
1000
1500
2000
2500
3000
3500
4000
4500
UN
ITS
Ottawa MLS(R) Listings Taken
Res Condo
Source: OREB
Explanation: This chart plots monthly MLS® active listings inventory for three years. The red bar shows the residential
portion of total listing inventory and the green bar is the condominium portion of the total listing inventory. Shows
seasonal trend and proportion of property type mix. Condos are a smaller portion of the market and historically
represent approximately 20% of all active listings.
prepared by: Rick Snell, Broker for- Keller Williams Ottawa Realty, brokerage independently owned and operated
0
1000
2000
3000
4000
5000
6000
7000
8000
9000
10000D
ec'1
2
Jan
'13
Fe
b'1
3
Ma
r'1
3
Ap
r'1
3
Ma
y'1
3
Jun
'13
Jul'1
3
Au
g'1
3
Se
pt'13
Oct'1
3
Nov'1
3
Dec'1
3
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
UN
ITS
Ottawa MLS(R) Listing Inventory
Res Condo
prepared by: Rick Snell, Broker for- Keller Williams Ottawa Realty, brokerage independently owned and operated
Source: OREB
Explanation: This chart plots the annual average MLS® sale price in Ottawa 1956-2015.
$0
$50,000
$100,000
$150,000
$200,000
$250,000
$300,000
$350,000
$400,0001
95
6
195
8
196
0
196
2
196
4
196
6
196
8
197
0
197
2
197
4
197
6
197
8
198
0
198
2
198
4
198
6
198
8
199
0
199
2
199
4
199
6
199
8
200
0
200
2
200
4
200
6
200
8
201
0
201
2
201
4
Average MLS(R) Sale Price - Ottawa
prepared by: Rick Snell, Broker for- Keller Williams Ottawa Realty, brokerage independently owned and operated
Source: OREB
Explanation: This chart plots the percentage change in annual average sale price for Ottawa MLS® sales 1956-2015. There have been
only two periods of negative growth in average sale price and both were less than 5%. Each period of negative growth was followed by
a longer period of strong positive growth.
-10%
-5%
0%
5%
10%
15%
20%
25%
30%
19
56
19
58
19
60
19
62
19
64
19
66
19
68
19
70
19
72
19
74
19
76
19
78
19
80
19
82
19
84
19
86
19
88
19
90
19
92
19
94
19
96
19
98
20
00
20
02
20
04
20
06
20
08
20
10
20
12
20
14
Year/Year Change in Average Sale Price - Ottawa
Change in Avg Sale Price