Last Month in Review
Last month in April 2022 members of the Ottawa Real Estate Board sold 1,889 residential properties a decrease of 21.1% compared to April 2021.
We had 2,846 new properties listed for sale in April which is a decrease of 11.1% compared to April 2021, leaving the total number of residential properties for sale at 1,697 an increase of 6.5% from the end of April 2021.
We currently have 0.9 Month Of Inventory on the market and a new listing sales rate of 66.4%. We are still in a seller’s market in Ottawa.
It took an average of 12 days for properties of all types to sell in April, which is one day longer than April 2021 and 2 days shorter than March 2022.Of these 1,889 sales 1,419were freehold houses, and 470 were condominiums. The average sales price for a freehold house sold in
April 2022, was $829,318 showing an increase of 11.6% over April 2021. While condominium average prices rose 11.0% from last year to $473,702.
Pop over to our website https://www.thetulipteam.com/stats/ 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.