Review of March 2019
The average sales price for a freehold house sold in March 2019, was $480,143 showing an increase of 7.2% over March 2018. While condominium average prices rose 5.2% from last year to $290,181.
2,210 new properties were listed for sale in March 2019, bringing the total number of properties for sale to 3,425 a decrease of 25.3% from March of last year.
During the month of March 2019, members of the Ottawa Real Estate Board sold 1,511 residential properties, compared to 1,654 in March 2018, a decrease of 8.6% in the number of properties sold vs the previous year.
It took an average of 47 days for properties of all types to sell in March 2019 which is 21 days shorter than the average in March 2018 and 9 day shorter than the month before, Feb 2019.
Of these 1,511 sales, 1,136 were freehold houses, and 375 were condominiums.
To read the full report with charts or see the 60 year history of Ottawa real estate visit our website.