During the month of August 2015, members of the Ottawa Real Estate Board sold 1,279 residential properties, compared to 1,200 in August of last year, an increase of 6.6% in total number of properties sold.
It took an average of 89 days for a property to sell last month which is 11 days longer than the average in July and 7 days longer than August of last year.
Of these 1,279 sales, 1,020 were freehold houses, and 259 were condominiums.
July’s average home price for all properties sold was $352,579, down 2.1% from last year.
The average sales price for a freehold house sold last month, was $379,946, showing a decrease of 0.1% over last year.
Condominium average prices dropped 7.3% from last year to $244,801.
2,434 new properties were listed for sale in August, bringing the total number of properties for sale to 8,801 an increase of 7.9% over this time last year.
See the individual charts for Sales, Prices and Inventory for both Houses and Condos