Ottawa home prices drop $82,000 in one-year but prices on 'upward trajectory', OREB says

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Ottawa home prices drop $82,000 in one-year but prices on 'upward trajectory', OREB says
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NEW: Ottawa home prices drop $82,000 in one-year but prices on 'upward trajectory', OREB says ottnews

The average sale price of a new home in Ottawa was $829,318. The average sale price for a condominium-class property was $435,875 last month, down from $473,702 a year ago.

"Upward pressure on sales prices continues with average prices increasing for the fourth month since the market low in December," Ottawa Real Estate Board President Ken Dekker said in a statement. A total of 1,488 residential properties sold in Ottawa in April, down from 1,876 in April 2022. The five-year average for home sales in Ottawa in April is 1,739.

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