Ottawa’s Real Estate Marketplace ~ May 2019 Edition 

Review of April 2019  During the month of April 2019, members of the Ottawa Real Estate Board sold 2,032 residential properties,  compared to 2,024 in Apr 2018, an increase of 0.4% in the number of properties sold vs the previous year.

It took an average of 46 days for properties of all types to sell in April 2019 which is 3 days shorter than the average in Apr 2018 and 1 day shorter than the month before, March 2019.   Of these 2,032 sales, 1,594 were freehold houses, and 438 were condominiums. The average sales price for a freehold house sold in April 2019, was $488,729 showing an increase of 7.4% over Apr 2018.  While condominium average prices rose 14.3% from last year to $307,659.  

2,757 new properties were listed for sale in April 2019, bringing the total number of properties for sale to 3,699 a decrease of 24.0% from Apr of last year.

Visit our webpage to see charts & graphs of the Ottawa real estate market and its 60-year historical movement.

What are your thoughts?

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.