Ottawa’s Real Estate Marketplace ~ June 2015 Edition

Ottawa’s Real Estate Marketplace ~ June 2015 Edition

During the month of May 2015, members of the Ottawa Real Estate Board sold 1,926 residential properties,  compared to 1,789 in May of last year,  an increase of 7.7% in total number of properties sold and the 2nd highest number of sales on record for the month of May.

 

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It took an average of 72 days for a property to sell last month which is 2 days shorter than the average in April and 1 day shorter shorter than last May.

Of these 1,926 sales, 1,584 were freehold houses, and 342 were condominiums.May‘s average home price for all properties sold was $386,069, up 1.3% from last year.
The average sales price for a freehold house sold last month, was $411,791, showing an increase of 2.6% over last year.
Condominium average prices decreased 4.9% from last year to $266,940.

3,790 new properties were listed for sale in May, bringing the total number of properties for sale to 9,408 an increase of 8.3% over this time last year.

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