Ottawa Residential Real Estate Stats for January 2017

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

Residential Market Overview - Ottawa

January 2017 2017 2016Change

YTD

2017

YTD

2016 Change

New Listings 1,184 1,331 -12.4% 1,184 1,331 -12.4%

Active Listing

Inventory 3,487 4,111 -17.9%

Sold Properties 550 472 14.2% 12,701 472 96.3%

Average Sale Price $394,001 $386,839 1.8%

Median Sales Price $350,000 $345,900 1.2%

Selling Time (days) 103 109

Months of Supply 4 5

Market Balance Balanced Buyers

List$/Sale$ Ratio 97.0%

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.


0

200

400

600

800

1000

1200

1400

1600

1800

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

Units

Ottawa MLS® Residential 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.


340,000

350,000

360,000

370,000

380,000

390,000

400,000

410,000

420,000

430,000


Sale

Price

Residential 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.


$310,000

$320,000

$330,000

$340,000

$350,000

$360,000

$370,000

$380,000


Units

Residential 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.


0

20

40

60

80

100

120

140


Month

s u

ntil S

ale

Residential 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.


0

1000

2000

3000

4000

5000

6000

7000

8000


UN

ITS

Ottawa MLS® Residential 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.


0

500

1000

1500

2000

2500

3000

3500


UN

ITS

Ottawa MLS® Residential 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.


0.0

1.0

2.0

3.0

4.0

5.0

6.0

7.0

8.0

9.0


Mo

nth

s o

f S

up

ply

Absorption Rate for Residential 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. .


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


-30.0%

-20.0%

-10.0%

0.0%

10.0%

20.0%

30.0%

40.0%

Jan

'12

Fe

b'1

2M

ar'1

2A

pr'1

2M

ay'1

2Jun

'12

Jul'1

2A

ug'1

2S

ep'1

2O

ct'1

2N

ov'1

2D

ec'1

2Jan

'13

Fe

b'1

3M

ar'1

3A

pr'1

3M

ay'1

3Jun

'13

Jul'1

3A

ug'1

3S

ept'13

Oct'1

3N

ov'1

3D

ec'1

3Jan

'14

Fe

b'1

4M

ar'1

4A

pr'1

4M

ay'1

4Jun

'14

Jul'1

4A

ug'1

4S

ep'1

4O

ct'1

4N

ov'1

4D

ec'1

4Jan

'15

Fe

b'1

5M

ar'1

5A

pr'1

5M

ay'1

5Jun

'15

Jul'1

5A

ug'1

5S

ept'15

Oct'1

5N

ov'1

5D

ec'1

5Jan

'16

Fe

b'1

6M

ar'1

6A

pr'1

6M

ay'1

6Jun

e'1

6Jul'1

6A

ug'1

6S

ep'1

6O

ct'1

6N

ov'1

6D

ec'1

6Jan

'17

Ottawa MLS(R) Listing Inventory Year/Year Percentage Change

Res Condo


-10%

-5%

0%

5%

10%

15%

20%

25%

30%

195

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

201

6

Yr/Yr Change in AVG Sale Price

Change in Avg Sale Price


$0

$50,000

$100,000

$150,000

$200,000

$250,000

$300,000

$350,000

$400,000

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

20

16

Ottawa Average MLS(R) Sale Price

Ottawa Residential Real Estate Stats for January 2017

Real Estate

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