The Ottawa Real Estate Board has released the following statistics for real estate in the Ottawa area last month:
- There were 1366 house and condo sales in Ottawa, which is an increase of 3.6%.
- The average sale price was down 1.2% to #337,518.
- The average “Days on Market” was 40 days.
- There was a 12% increase in new listings.
- The sales to inventory ratio was 21% which means that Ottawa is now considered a Balanced Market. (Previously we were in a slight seller’s market.)