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Ottawa Real Estate Stats for July 2012

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.)

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