Ottawa’s Real Estate Marketplace ~ March 2016 Edition
During the month of February 2016, members of the Ottawa Real Estate Board sold 911 residential properties, compared to 850 in February of last year, an increase of 7.2% in total number of properties sold.
It took an average of 109 days for a property to sell last month which is 1 day shorter than the average in January and 10 days longer than in February 2015.
Of these 911 sales in February, 712 were freehold houses, and 199 were condominiums.
The average sales price for a freehold house sold last month, was $384,632, showing an increase of 1.2% over last year. While condominium average prices dropped 6.8% from last year to $249,727.
2,312 new properties were listed for sale in February, bringing the total number of properties for sale to 6,224 a decrease of 4.5% from this time last year.