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Ottawa's Real Estate Marketplace ~ March 2020 Edition 

Review of February 2020 in Ottawa Real Estate

  During the month of February 2020, members of the Ottawa Real Estate Board sold 1,141 residential properties,  compared to 1,002 in Feb 2019, an increase of 13.9%  in the number of properties sold vs the previous year.

It took an average of 37 days for properties of all types to sell in February 2020 which is 26 days shorter than the average in Feb 2019 and 13 days shorter than the month before, Jan 2020.  
 
Of these 1,141 sales, 835 were freehold houses, and 306 were condominiums.
 
The average sales price for a freehold house sold in February 2020, was $563,694 showing an increase of 21.1% over Feb 2019.  While condominium average prices rose 21.3% from last year to $349,813. 
 

1,471 new properties were listed for sale in February 2020, bringing the total number of residential properties for sale to 1,811 a decrease of 42.3% from Jan of last year.
 

Last Year: 2019 in Review

During 2019, there were 18,662 sales by the Ottawa Real Estate Board members.
Compared to 17,467 in 2018 home sales showed 
an increase of 6.6%.


It took an average of 44 days for properties of all types to sell in 2018 which is a decrease of 21.7% from 2018. 
 
Of these 18,622 sales, 14,038 (+4.7%) were freehold houses, and 4,584 (+13.0%) were condominiums.
 
The average sales price for a freehold house sold in 2019, was $486,590 showing an increase of 8.9% over 2018, while condominium average prices rose 9.3% from last year to $304,203. 
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



 

2019 Home Sales & Home Prices in Review


 

Ottawa Home Sales & Prices over the last 10 Years

HOMES PRICE Change IN OTTAWA FOR THE LAST 61 YEARS (1958 - 2019)

HOMES PRICES IN OTTAWA FOR THE LAST 61 YEARS (1958 - 2019)