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- 2003-09-30
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Local home prices continued to outstrip the rate of inflation last month as the average residential resale price climbed 5.6 per cent to hit $349,415, according to the local real estate board.
Topics :
Ottawa Real Estate Board , Ottawa
The number of homes sold by members of the Ottawa Real Estate Board was relatively flat at 684. That's up marginally from the 677 sold a year earlier and slightly above the five-year average of 652.
"The results indicate it's been a typical month of January for the Ottawa and area resale housing market," board president Ansel Clarke said in a statement. "It is interesting to note that the inventory of properties for sale is considerably higher than a year ago, offering a lot of choice to buyers."
Of the 684 properties sold in January, 138 were condominiums. That particular category saw prices increase 6.8 per cent to $252,210.
Topics :
Ottawa Real Estate Board , Ottawa
The number of homes sold by members of the Ottawa Real Estate Board was relatively flat at 684. That's up marginally from the 677 sold a year earlier and slightly above the five-year average of 652.
"The results indicate it's been a typical month of January for the Ottawa and area resale housing market," board president Ansel Clarke said in a statement. "It is interesting to note that the inventory of properties for sale is considerably higher than a year ago, offering a lot of choice to buyers."
Of the 684 properties sold in January, 138 were condominiums. That particular category saw prices increase 6.8 per cent to $252,210.
