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Ottawa's Real Estate Marketplace ~ February 2018 Edition 

 

  During the month of January 2018, members of the Ottawa Real Estate Board sold 712 residential properties,  compared to 664 in Jan 2017,  an increase of 7.2% of properties sold vs the previous year.

It took an average of 83 days for properties of all types to sell in January 2018 which is 26 days faster than the average in Jan 2017 and 3 days faster than the month before, Dec 2017.  
 
Of these 712 sales, 539 were freehold houses, and 173 were condominiums.
 
The average sales price for a freehold house sold in January 2018, was $427,487 showing an increase of 8.8% over Jan 2017.  While condominium average prices dropped 8.6% from last year to $263,744.  (Which is not surprising as there was a spike in high end condo sales in Jan 2017.)
 
1,400 new properties were listed for sale in January 2018, bringing the total number of properties for sale to 3,734 a decrease of 22.8% from Jan of last year.  This is the lowest January inventory we have seen in the Ottawa resale real estate market since 2008.
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



 

2017 in Review - Ottawa Real Estate


 

Ottawa Home Sales & Prices over the last 10 Years



 

Homes Prices in Ottawa 1958 - 2017