prepared by: Rick Snell, Broker, Royal LePage Performance Realty, brokerage independently owned and operated

Residential Market Overview - Ottawa

December 2016 2016 2015 Change YTD 2016 YTD 2015 Change

New Listings 613 704 -14.8% 22,306 24,302 -8.9%

Active Listing Inventory 3,420 3,941 -15.2%

Sold Properties 550 543 1.3% 12,623 12,003 4.9%

Average Sale Price $420,750 $386,960 8.0%

Median Sales Price $370,000 $340,000 8.1%

Selling Time (days) 119 108

Months of Supply 4 4 1

Market Balance Balanced Balanced

List$/Sale$ Ratio 96.4%

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 owned and operated

0

200

400

600

800

1000

1200

1400

1600

1800

Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

Units

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 owned and operated

340,000

350,000

360,000

370,000

380,000

390,000

400,000

410,000

420,000

430,000

Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

Sale

Price

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 owned 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

Units

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 owned and operated

0

20

40

60

80

100

120

140

Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

Month

s u

ntil S

ale

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 owned and operated

0

1000

2000

3000

4000

5000

6000

7000

8000

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 owned 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 owned and operated

5%

10%

15%

20%

25%

30%D

ec'1

3

Jan

'14

Fe

b'1

4

Ma

r'1

4

Ap

r'1

4

Ma

y'1

4

Jun

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Jul'1

4

Au

g'1

4

Se

p'1

4

Oct'1

4

Nov'1

4

Dec'1

4

Jan

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Fe

b'1

5

Ma

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5

Ap

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5

Ma

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5

Jun

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Jul'1

5

Au

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5

Se

pt'15

Oct'1

5

Nov'1

5

Dec'1

5

Jan

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Fe

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6

Ma

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Ap

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6

Ma

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Jun

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Jul'1

6

Au

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Oct'1

6

Nov'1

6

Dec'1

6

Ottawa MLS® Sales To Inventory Ratio

Res Condo

Balanced Market

Seller’s Market

Buyer’s Market