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.

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