Review of July 2019 During the month of July 2019, members of the Ottawa Real Estate Board sold 1,842 residential properties, compared to 1,605 in July 2018, an increase of 14.8% in the number of properties sold vs the previous year.
It took an average of 42 days for properties of all types to sell in July 2019 which is 14 days shorter than the average in July 2018 and the 5 days longer than the month before, June 2019.
Of these 1,842 sales, 1,382 were freehold houses, and 460 were condominiums.
The average sales price for a freehold house sold in July 2019, was $487,308 showing an increase of 10.4% over July 2018. While condominium average prices rose 6.8% from last year to $299,665.
2,356 new properties were listed for sale in July 2019, bringing the total number of properties for sale to 3,706 a decrease of 26.0% from July of last year.
To read the full report with charts or see the 60 year history of Ottawa real estate visit our website.