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Ottawa's Real Estate Marketplace ~ May 2017 Edition 

 

  During the month of April 2017, members of the Ottawa Real Estate Board sold 1,795 residential properties,  compared to 1,711 in 2016,  an increase of 4.9% in properties sold over the previous year.
 
It took an average of 71 days for a properties of all types to sell in April 2017 which is 15 days faster than the average in April 2016 and 11 shorter than the month before, March 2017.
 
Of these 1,795 sales, 1,483 were freehold houses, and 312 were condominiums.

The average sales price for a freehold house sold in April 2017, was $435,883 showing an increase of 7.9% over April 2016.  While condominium average prices rose 2.9% from last year to $268,553.  

2,967 new properties were listed for sale in April, bringing the total number of properties for sale to 6,396 a decrease of 21.3% from March of last year.
During the month of March 2015, members of the Ottawa Real Estate Board sold 1208 residential properties,  compared to 1189 in March of last year,  an increase of 2% in total number of properties sold. 
 
It took an average of 83 days for a property to sell last month which is 16 days shorter than the average in February and about 10% shorter than last March. 
 
Of these 1208 sales, 980 were freehold houses, and 228 were condominiums. 
 
March's average home price for all properties sold was $361,572, up 0.7% from last year.
The average sales price for a freehold house sold last month, was $387,141, showing no change compared to last year.
Condominium average prices remained unchanged from last year as well at $251,666. 
 
3,388 new properties were listed for sale in March, bringing the total number of properties for sale to 7,763 an increase of 9.4% over this time last year.
 
Below are some helpful charts to illustrate the Real Estate trends in Ottawa
 


Homes & Condos Sold in Ottawa Last Month




Average Price of Homes & Condos Sold in Ottawa Last Month




Inventory of Homes & Condos for Sale in Ottawa




Precentage of Homes & Condos Selling in Ottawa