January Resale Homes

OTTAWA — Sales of resale homes slipped in January compared to the same month last year. According to the Ottawa Real Estate Board, 675 resale homes were sold during the month, a decrease of 6.1 per cent from the 719 sold in January 2010. The board said the January numbers mark a return to a normal selling pace for Ottawa’s real estate industry. The winter months are traditionally slow for sales of existing homes, but January 2010 saw unusually high traffic as large numbers of people sought to buy houses before the implementation of the harmonized sales tax in July. The board said the average selling price of a resale home in Ottawa was $329,657 in January, a three-per-cent increase over the same month one year ago.

Vicki McDougall

Vicki McDougall

Sales Representative
CENTURY 21 Explorer Realty Inc., Brokerage*
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