During the month of June 2015, members of the Ottawa Real Estate Board sold 1,694 residential properties, compared to 1,657 in June of last year, an increase of 2.2% in total number of properties sold.
It took an average of 74 days for a property to sell last month which is 2 days longer than the average in May and 7 days longer than June of last year.
Of these 1,694 sales, 1,420 were freehold houses, and 274 were condominiums.
June’s average home price for all properties sold was $382,766, up 5.2% from last year.
The average sales price for a freehold house sold last month, was $404,254, showing an increase of 4.1% over last year.
Condominium average prices increased 5.1% from last year to $271,415.
3,377 new properties were listed for sale in June, bringing the total number of properties for sale to 9,414 an increase of 10.1% over this time last year.
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