Ottawa’s Real Estate Marketplace ~ June 2015 Edition
It took an average of 72 days for a property to sell last month which is 2 days shorter than the average in April and 1 day shorter shorter than last May.
Of these 1,926 sales, 1,584 were freehold houses, and 342 were condominiums.May‘s average home price for all properties sold was $386,069, up 1.3% from last year.
The average sales price for a freehold house sold last month, was $411,791, showing an increase of 2.6% over last year.
Condominium average prices decreased 4.9% from last year to $266,940.
3,790 new properties were listed for sale in May, bringing the total number of properties for sale to 9,408 an increase of 8.3% over this time last year.