Ottawa’s Real Estate Marketplace ~ April 2015 Edition

Ottawa Real Estate InfographDuring 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.

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

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