Ottawa’s Real Estate Marketplace ~ May 2018 Edition 

During the month of April 2018, members of the Ottawa Real Estate Board sold 2,032 residential properties,  compared to 1,788 in Apr 2017,  an increase of 13.6% in the number of properties sold vs the previous year.

It took an average of 49 days for properties of all types to sell in April 2018 which is 22 days faster than the average in Apr 2017 and 19 days faster than the month before, Mar 2018.  

Of these 2,032 sales, 1,616 were freehold houses, and 416 were condominiums.
 
The average sales price for a freehold house sold in April 2018, was $455,212 showing an increase of 4.2% over Apr 2017.  While condominium average prices rose 0.3% from last year to $269,294. 

2,883 new properties were listed for sale in April 2018, bringing the total number of properties for sale to 4,5879 a decrease of 23.7% from April of last year.

See the month by month breakdown of Ottawa home sales over the last 4 years at HomeTeamOttawa.com

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