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Ottawa's Real Estate Marketplace ~ July 2017 Edition 

 

  During the month of June 2017, members of the Ottawa Real Estate Board sold 2,162 residential properties,  compared to 1,985 in 2016,  an increase of 8.9% of properties sold over the previous year.
 
It took an average of 67 days for a properties of all types to sell in June 2017 which is 9 days faster than the average in June 2016 and 1 shorter than the month before, May 2017.
 
Of these 2,162 sales, 1,754 were freehold houses, and 408 were condominiums.

The average sales price for a freehold house sold in June 2017, was $434,502 showing an increase of 8.8% over June 2016.  While condominium average prices rose 9.4% from last year to $289,905.  

2,871 new properties were listed for sale in June, bringing the total number of properties for sale to 6,179 a decrease of 25.8% from June 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