Ottawa Real Estate Insider Dec 2023 As December unfolds its magic once more, it's that time of the year that grants us the opportunity to unwind, cherish moments with loved ones, reflect on the year gone by, and eagerly anticipate the one ahead. Make the most of this festive season, and may you have a joyous and rejuvenating holiday break. Market Update The latest Ottawa residential real estate market update has been released. Highlights 1. By the Numbers – Prices: - The average price of homes sold in November 2023 was $633,138, making a slight decrease of 0.8% from November 2022. The year-to-date average price was $669,536, a decline of 5.7% from 11 months of 2022. - The total dollar value of home sales in November 2023 was $458.4 million, a 2.4% decrease from the same month in 2022. 2. Performance in Colder Months: The market is meeting expected performance levels during the colder months, and a surge in new and active listings is introducing more choices. Although the increase...