During the month of June 2016, members of the Ottawa Real Estate Board sold 1,985 residential properties, compared to 1,694 in June of last year, an increase of 17.4% in properties sold.
It took an average of 76 days for a property to sell last month which is 4 days shorter than the average in May and 2 days longer than in June 2015.
Of these 1,985 sales in June, 1,654 were freehold houses, and 331 were condominiums.
The average sales price for a freehold house sold last month, was $399,382 showing a decrease of 1.3% over last year. While condominium average prices decreased 2.4% from last year to $264,913.
3,220 new properties were listed for sale in June, bringing the total number of properties for sale to 8,352 a decrease of 11.2% from this time last year.
To read the full report with charts visit our website.
The Tulip Team Blog 