Ottawa’s Real Estate Marketplace ~ March 2019 Edition

Last Month: Feb 2019  During the month of February 2019, members of the Ottawa Real Estate Board sold 1,005 residential properties,  compared to 978 in Feb 2018,  an increase of 2.8% in the number of properties sold vs the previous year.

It took an average of 63 days for properties of all types to sell in February 2019 which is 14 days shorter than the average in Feb 2018 and 9 day shorter than the month before, Jan 2019.  
Of these 1,005 sales, 756 were freehold houses, and 249 were condominiums.
The average sales price for a freehold house sold in February 2019, was $466,540 showing an increase of 8.6% over Feb 2019.  While condominium average prices rose 5.6% from last year to $288,354. 

1,585 new properties were listed for sale in February 2019, bringing the total number of properties for sale to 3,147 a decrease of 23% from Feb of last year.

To read the full report with charts or see the 60 year history of Ottawa real estate visit our website.

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