A buyers market for Ottawa real estate

Keller Williams Ottawa Realty

Source: OREB

Explanation: This chart plots monthly MLS® sales for the current year and the previous year. The blue line shows the

5 year average sales trend. The seasonal trend can be seen as well as a comparison to the previous year each month.

0

200

400

600

800

1,000

1,200

1,400

1,600

1,800

2,000

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

Units

Ottawa MLS® Unit Sales

2014 2015 5 year AVG


Source: OREB

Explanation: This chart plots monthly MLS® average sales price for the current year and the previous year. The blue line shows

the 5 year average sale price trend. The seasonal trend can be seen as well as a comparison to the previous year each month.

220,000

240,000

260,000

280,000

300,000

320,000

340,000

360,000

380,000

400,000


Ave

rag

e S

ale

$Average Sale Price

2014 2015 5 year AVG


Source: OREB

Explanation: This chart plots monthly MLS® selling time for the current year and the previous year. The seasonal trend

can be seen as well as a comparison to the previous year each month.

0

20

40

60

80

100

120

140


Cum

ula

tive

Days

Average Selling Time

2014 2015


Source: OREB

Explanation: This chart plots monthly MLS® listing inventory for the current year and the previous year. The blue line

shows the 5 year average inventory trend. The seasonal trend can be seen as well as a comparison to the previous

year each month.

0

1,000

2,000

3,000

4,000

5,000

6,000

7,000

8,000

9,000

10,000


UN

ITS

Ottawa MLS® Listing Inventory

2014 2015 5 year AVG


Source: OREB

Explanation: This chart plots monthly MLS® new listings for the current year and the previous year. The blue line

shows the 5 year average new listings trend. The seasonal trend can be seen as well as a comparison to the previous

year each month.

0

500

1,000

1,500

2,000

2,500

3,000

3,500

4,000

4,500


UN

ITS

Ottawa MLS® ListingsTaken

2014 2015 5 year AVG


Source: OREB

Explanation: This chart plots monthly MLS® absorption rate for two years. The absorption rate is the # of months it

would take to sell off existing listing inventory at the current pace of sales. The red line shows the condo absorption

rate and the blue line shows the rate for residential homes.

0

2

4

6

8

10

12Ja

n'1

3

Feb

'13

Ma

r'1

3

Ap

r'1

3

Ma

y'1

3

Jun

'13

Jul'

13

Au

g'1

3

Sep

t'1

3

Oct

'13

No

v'1

3

De

c'1

3

Jan

'14

Feb

'14

Ma

r'1

4

Ap

r'1

4

Ma

y'1

4

Jun

'14

Jul'

14

Au

g'1

4

Sep

'14

Oct

'14

No

v'1

4

De

c'1

4

Jan

'15

MO

NTH

S O

F SU

PP

LY

Inventory Absorption Rate

RES CONDO


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 favours 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 condo ratio and the blue line shows the ratio for residential homes.

5%

10%

15%

20%

25%

30%

Jan

'12

Feb

'12

Mar

'12

Ap

r'1

2

May

'12

Jun

'12

Jul'1

2

Au

g'1

2

Sep

'12

Oct

'12

No

v'1

2

Dec

'12

Jan

'13

Feb

'13

Mar

'13

Ap

r'1

3

May

'13

Jun

'13

Jul'1

3

Au

g'1

3

Sep

t'1

3

Oct

'13

No

v'1

3

Dec

'13

Jan

'14

Feb

'14

Mar

'14

Ap

r'1

4

May

'14

Jun

'14

Jul'1

4

Au

g'1

4

Sep

'14

Oct

'14

No

v'1

4

Dec

'14

Jan

'15

Sales To Inventory Ratio - Ottawa

Res Condo

Balanced Market

Buyer’s Market

Seller’s Market


Source: OREB

Explanation: This chart plots monthly MLS® sales for two years. The red bar shows the condo portion of total sales and

the blue bar is the residential portion of total sales. This shows seasonal sales trend. Condos represent 21% of total

sales and residential listings represent 79% of sales.

0

200

400

600

800

1000

1200

1400

1600

1800

2000Ja

n'1

3

Feb

'13

Mar

'13

Ap

r'1

3

May

'13

Jun

'13

Jul'1

3

Au

g'1

3

Sep

t'1

3

Oct

'13

No

v'1

3

Dec

'13

Jan

'14

Feb

'14

Mar

'14

Ap

r'1

4

May

'14

Jun

'14

Jul'1

4

Au

g'1

4

Sep

'14

Oct

'14

No

v'1

4

Dec

'14

Jan

'15

Un

its

Unit Sales

Residential Condo


Source: OREB

Explanation: This chart plots monthly MLS® average sale price for two years. The red bar is condo and the blue bar is

residential. The green line is the combined average sale price. Shows seasonal sale price trend and property type

difference in average sale price.

225,000

245,000

265,000

285,000

305,000

325,000

345,000

365,000

385,000

405,000

425,000

Jan

'13

Feb

'13

Mar

'13

Ap

r'1

3

May

'13

Jun

'13

Jul'1

3

Au

g'1

3

Sep

t'1

3

Oct

'13

No

v'1

3

Dec

'13

Jan

'14

Feb

'14

Mar

'14

Ap

r'1

4

May

'14

Jun

'14

Jul'1

4

Au

g'1

4

Sep

'14

Oct

'14

No

v'1

4

Dec

'14

Jan

'15

Ave

rage

Sal

e $

Avg. Sale Price

Residential Condo Res + Condo


Source: OREB

0

500

1000

1500

2000

2500

3000

3500

4000

4500Ja

n'1

2

Feb

'12

Mar

'12

Ap

r'1

2

May

'12

Jun

'12

Jul'1

2

Au

g'1

2

Sep

'12

Oct

'12

No

v'1

2

Dec

'12

Jan

'13

Feb

'13

Mar

'13

Ap

r'1

3

May

'13

Jun

'13

Jul'1

3

Au

g'1

3

Sep

t'1

3

Oct

'13

No

v'1

3

Dec

'13

Jan

'14

Feb

'14

Mar

'14

Ap

r'1

4

May

'14

Jun

'14

Jul'1

4

Au

g'1

4

Sep

'14

Oct

'14

No

v'1

4

Dec

'14

Jan

'15

UN

ITS

Ottawa MLS(R) Listings Taken

Res Condo

Explanation: This chart plots monthly MLS® listings taken for three years. The red bar shows the condo portion of total

new listings and the blue bar is the residential portion of the total new listings taken. Shows seasonal trend and

proportion of property type mix. Condos are a smaller portion of the market and represent approximately 22% of total

listings taken and residential properties are 78% of listings taken.


Source: OREB

0

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

Jan

'12

Feb

'12

Mar

'12

Ap

r'1

2

May

'12

Jun

'12

Jul'1

2

Au

g'1

2

Sep

'12

Oct

'12

No

v'1

2

Dec

'12

Jan

'13

Feb

'13

Mar

'13

Ap

r'1

3

May

'13

Jun

'13

Jul'1

3

Au

g'1

3

Sep

t'1

3

Oct

'13

No

v'1

3

Dec

'13

Jan

'14

Feb

'14

Mar

'14

Ap

r'1

4

May

'14

Jun

'14

Jul'1

4

Au

g'1

4

Sep

'14

Oct

'14

No

v'1

4

Dec

'14

Jan

'15

UN

ITS

Ottawa MLS(R) Listing Inventory

Res Condo

Explanation: This chart plots monthly MLS® active listings inventory for three years. The red bar shows the condo

portion of total listing inventory and the blue bar is the residential portion of the total listing inventory. Shows seasonal

trend and proportion of property type mix. Condos are a smaller portion of the market and represent approximately

22% of active listings and residential properties are 78% of active listing inventory.


Royal LePage Team Realty, 14.38%

Keller Williams Ottawa Realty 11.68%

ReMax Metro City Realty, 9.55%

Royal LePage Performance Realty, 9.44%

Royal LePage Gale Real Estate, 6.21%

ReMax Affiliates Realty, 2.99%

Keller Williams VIP Realty, 2.70%

Coldwell Banker First Ottawa Realty, 2.41%

Keller Williams Solid Rock Realty, 2.33% Coldwell Banker Sarazen Realty, 2.16%

Top 10 Ottawa Brokerages Market Share YTD Dec. 2014(Total Sale Price Volume)