Review of August 2019 in Ottawa Real Estate
During the month of August 2019, members of the Ottawa Real Estate Board sold 1,731 residential properties, compared to 1,581 in Aug 2018, an increase of 9.5% 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 August 2019 which is 19 days shorter than the average in Aug 2018 and the 5 days longer than the month before, July 2019.
Of these 1,731 sales, 1,300 were freehold houses, and 431 were condominiums.
The average sales price for a freehold house sold in August 2019, was $484,921 showing an increase of 11.8% over Aug 2018. While condominium average prices rose 11.5% from last year to $308,781.
2,027 new properties were listed for sale in August 2019, bringing the total number of properties for sale to 3,372 a decrease of 22.3% from Aug of last year.
To read the full report with charts or see the 60 year history of Ottawa real estate visit our website.
Information according to the Ottawa Real Estate Board and attributed to all Members of OREB® through the Board’s Multiple Listing Service®