During the month of May 2017, members of the Ottawa Real Estate Board sold 2,300 residential properties, compared to 1,919 in 2016, an increase of 19.9% of properties sold over the previous year.
It took an average of 68 days for a properties of all types to sell in May 2017 which is 12 days faster than the average in May 2016 and 3 shorter than the month before, April 2017.
Of these 2,300 sales, 1,856 were freehold houses, and 444 were condominiums.
The average sales price for a freehold house sold in May 2017, was $436,625 showing an increase of 7.4% over May 2016. While condominium average prices rose 2.3% from last year to $270,993.
3,341 new properties were listed for sale in May, bringing the total number of properties for sale to 6,481 a decrease of 24.4% from May of last year.
You can see the break down by market segment here on our website.