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.
Read more Ottawa Real Estate Stats & see the break down by property class in easy to read charts.