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

Residential Market Overview - Ottawa

October 2016 2016 2015 Change YTD 2016 YTD 2015 Change

New Listings 1,533 1,585 -3.4% 20,629 22,341 -8.3%

Active Listing Inventory 4,790 5,719 -19.4%

Sold Properties 957 959 -0.2% 11,308 10,661 5.7%

Average Sale Price $392,579 $380,075 3.2%

Median Sales Price $354,000 $340,000 4.0%

Months of Supply 4 5 -1

Market Balance Balanced Balanced

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 ow ned and operated

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

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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 ow ned and operated

340,000

350,000

360,000

370,000

380,000

390,000

400,000

410,000

420,000

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

Sa

le P

rice

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 ow ned 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

Un

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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 ow ned and operated

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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 ow ned and operated

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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 ow ned and operated

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3500

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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

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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 ow ned and operated

Buyer’s Market

Balanced Market

Seller’s Market

5%

10%

15%

20%

25%

30%

Oct

'13

Nov'

13

Dec'

13

Jan'1

4

Feb'1

4

Mar'14

Apr'14

May'1

4

Jun'1

4

Jul'1

4

Aug'1

4

Sep'1

4

Oct

'14

Nov'

14

Dec'

14

Jan'1

5

Feb'1

5

Mar'15

Apr'15

May'1

5

Jun'1

5

Jul'1

5

Aug'1

5

Sept'1

5

Oct

'15

Nov'

15

Dec'

15

Jan'1

6

Feb'1

6

Mar'16

Apr'16

May'1

6

Jun'1

6

Jul'1

6

Aug'1

6

Sep'1

6

Oct

'16

Ottawa MLS® Sales To Inventory Ratio

Res Condo