Ottawa Real Estate Update | April 2022 Edition

Last Month in Review

Last month in March 2022 members of the Ottawa Real Estate Board sold 2,011 residential properties a decrease of 11.6% compared to March 2021.

We had 2,632 new properties listed for sale in March which is a decrease of 5.9% compared to March 2021, leaving the total number of residential properties for sale at 1,246 an increase of 4.4% from the end of March 2021.

We currently have 0.6 Month Of Inventory on the market and a new listing sales rate of 76.4%, a strong seller’s market in Ottawa.

It took an average of 14 days for properties of all types to sell in March, which is the same as March 2021 and 5 days shorter than February 2022.

Of these 2,011 sales, 1493were freehold houses, and 518 were condominiums. The average sales price for a freehold house sold in 

March 2022, was $853,615 showing an increase of 12.5% over March 2021.  While condominium average prices rose 9.6% from last year to $479,405.  

Pop over to our website to stay up to date on the Ottawa real estate market and see the 10 & 63 year history of house prices, condo prices, home & condo sales, and inventory of homes for sale in Ottawa.

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