During the month of February 2017, members of the Ottawa Real Estate Board sold 1,010 residential properties, compared to 908 in 2016, an increase of 11.2% in properties sold over the previous year.
It took an average of 94 days for a properties of all types to sell in Feb 2017 which is 13 days faster than the average in Feb 2016 and 14 shorter than the month before, January 2017.
Of these 1,010 sales, 777 were freehold houses, and 223 were condominiums.
The average sales price for a freehold house sold in Feb 2017, was $417,374 showing an increase of 8.5% over Feb 2016. While condominium average prices rose 4.0% from last year to $258,397.
2,066 new properties were listed for sale in February, bringing the total number of properties for sale to 5,269 a decrease of 15.3% from February of last year.