During the month of February 2015, members of the Ottawa Real Estate Board sold 853 residential properties, compared to 868 in February of last year, a decrease of 1.7% in total number of properties sold.
It took an average of 99 days for a property to sell last month which is 20 days shorter than the average in January.
Of these 853 sales, 685 were freehold houses, and 168 were condominiums.
February’s average home price for all properties sold was $358,206, up 1.3% from last year.
The average sales price for a freehold house sold last month, was $380,358, down 0.3% from February 2014.
Condominium average prices rose 3.8% compared to last year, to $267,880.
2,364 new properties were listed for sale in February, bringing the total number of properties for sale to 6,519, an increase of 13.3% over this time last year.
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