During the month of May 2016, members of the Ottawa Real Estate Board sold 1,921 residential properties, compared to 1,926 in May of last year, a decrease of 5 properties sold.
It took an average of 80 days for a property to sell last month which is 6 days shorter than the average in April and 8 days longer than in May 2015.
Of these 1,921 sales 1,614 were freehold houses, and 307 were condominiums.
The average sales price for a freehold house sold last month, was $406,063 showing a decrease of 1.3% from last year. While condominium average prices decreased 0.8% from last year to $264,801.
3,635 new properties were listed for sale in May, bringing the total number of properties for sale to 8,603 a decrease of 8.9% from this time last year.
To read the full report with charts visit our website.
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