The Ottawa Real Estate Board says home sales were up six per cent in May 2023 compared to a year prior, marking the first year-over-year unit sales volume increase since early last year.
New data released by OREB shows that members sold 1,939 residential properties last month, compared to 1,830 in May 2022.
There were 2,822 new listings in May, down nine per cent compared to May 2022 but up 32 per cent from April 2023. OREB says year-to-date average home sale prices are at $727,728, a 12 per cent drop from 2022. Condos are averaging $428,394, a nine per cent decrease.
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