Ottawa Real Estate Statistics
The attached charts show a year-over-year analysis of various Ottawa real estate benchmarks. The statistics are based on sales figures released by the Ottawa Real Estate Board on May 3rd and include sales of both houses and condominiums in the Greater Ottawa Area.
# of Sales – up 2.5%
Avg. Sale Price ($364,077) – up 3.7%
Days on Market = 34 days
New Listings – increase 6%
Inventory Absorption Rate – 5.7 months
Sales-to-Inventory Ratio – 26% (Seller’s Market)
The Ottawa Real Estate Board reported on Thursday that unit sales increased slightly by 2.5% in April, year over year compared to April last year. The average sale price for April was $364,077 which was an increase of 3.7% over April 2011. The rise in new listings was not matched by a comparable increase in sales which is resulting in a higher listing inventory. The sales to listing inventory ratio remains unchanged from last month indicating that the market is just into seller market territory. The days on market has dropped to 34 days. The absorption rate is at 5.7 months which is virtually unchanged from last month.