Ottawa’s Real Estate Marketplace ~ May 2017 Edition

During the month of April 2017, members of the Ottawa Real Estate Board sold 1,795 residential properties, compared to 1,711 in 2016, an increase of 4.9% in properties sold over the previous year.

It took an average of 71 days for a properties of all types to sell in April 2017 which is 15 days faster than the average in April 2016 and 11 shorter than the month before, March 2017.

Of these 1,795 sales, 1,483 were freehold houses, and 312 were condominiums.

The average sales price for a freehold house sold in April 2017, was $435,883 showing an increase of 7.9% over April 2016. While condominium average prices rose 2.9% from last year to $268,553.

2,967 new properties were listed for sale in April, bringing the total number of properties for sale to 6,396 a decrease of 21.3% from March of last year.

See More Charts with Segmented Breakdowns

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