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prepared by: Rick Snell, Broker, Royal LePage Performance Realty, brokerage independently owned and operated
Residential Market Overview - Ottawa
October 2016 2016 2015 Change YTD 2016 YTD 2015 Change
New Listings 1,533 1,585 -3.4% 20,629 22,341 -8.3%
Active Listing Inventory 4,790 5,719 -19.4%
Sold Properties 957 959 -0.2% 11,308 10,661 5.7%
Average Sale Price $392,579 $380,075 3.2%
Median Sales Price $354,000 $340,000 4.0%
Months of Supply 4 5 -1
Market Balance Balanced Balanced
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 ow ned and operated
0
200
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600
800
1000
1200
1400
1600
1800
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Un
its
Ottawa MLS® Residential Unit Sales
2014 2015 2016
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 ow ned and operated
340,000
350,000
360,000
370,000
380,000
390,000
400,000
410,000
420,000
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Sa
le P
rice
Residential Average Sale Price
2014 2015 2016
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 ow ned and operated
$290,000
$300,000
$310,000
$320,000
$330,000
$340,000
$350,000
$360,000
$370,000
$380,000
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Un
its
Residential 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 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 ow ned and operated
0
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40
60
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120
140
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Mo
nth
s u
nti
l Sa
le
Residential Days on Market
2014 2015 2016
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 ow ned and operated
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6000
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Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
UN
ITS
Ottawa MLS® Residential Listing Inventory
2014 2015 2016
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 ow ned and operated
0
500
1000
1500
2000
2500
3000
3500
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
UN
ITS
Ottawa MLS® Residential ListingsTaken
2014 2015 2016
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
1.0
2.0
3.0
4.0
5.0
6.0
7.0
8.0
9.0
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Mo
nth
s o
f S
up
ply
Absorption Rate for Residential 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. .
prepared by: Rick Snell, Broker, Royal LePage Performance Realty, brokerage independently ow ned and operated
Buyer’s Market
Balanced Market
Seller’s Market
5%
10%
15%
20%
25%
30%
Oct
'13
Nov'
13
Dec'
13
Jan'1
4
Feb'1
4
Mar'14
Apr'14
May'1
4
Jun'1
4
Jul'1
4
Aug'1
4
Sep'1
4
Oct
'14
Nov'
14
Dec'
14
Jan'1
5
Feb'1
5
Mar'15
Apr'15
May'1
5
Jun'1
5
Jul'1
5
Aug'1
5
Sept'1
5
Oct
'15
Nov'
15
Dec'
15
Jan'1
6
Feb'1
6
Mar'16
Apr'16
May'1
6
Jun'1
6
Jul'1
6
Aug'1
6
Sep'1
6
Oct
'16
Ottawa MLS® Sales To Inventory Ratio
Res Condo