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 March 5th and include sales of both residential and condominium properties in the Greater Ottawa Area.
The facts:
# of Sales (870) - decrease of 3.7%
Avg. Sale Price ($353,407) - increase of 2%
Days on Market = 61 days
New Listings - unchanged
Inventory Absorption Rate - 7 months
Sales-to-Inventory Ratio - 14% (Buyer’s Market)
Average Sale Price to Average List Price Ratio – 97.1%
The Ottawa Real Estate Board reported 870 unit sales in the month of February, a decrease of 3.7% from February 2013. The five year average for the number of sales in the month of February is 953 units. The number of new listings taken in the month was the same as in February 2013. The average sale price increased. At $353,407, it was up by 2% from February 2013 and was also up from the previous month. The average sale price to average list price ratio is at 97.1%. The listing inventory is up very slightly by .09% above February 2013. The sales to listing inventory ratio was at 14% which indicates a buyer’s market. The average days on market was unchanged from the previous month at 61 days. The absorption rate increased to 7 months.
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 March 5th and include sales of both residential and condominium properties in the Greater Ottawa Area.
The facts:
# of Sales (870) - decrease of 3.7%
Avg. Sale Price ($353,407) - increase of 2%
Days on Market = 61 days
New Listings - unchanged
Inventory Absorption Rate - 7 months
Sales-to-Inventory Ratio - 14% (Buyer’s Market)
Average Sale Price to Average List Price Ratio – 97.1%
The Ottawa Real Estate Board reported 870 unit sales in the month of February, a decrease of 3.7% from February 2013. The five year average for the number of sales in the month of February is 953 units. The number of new listings taken in the month was the same as in February 2013. The average sale price increased. At $353,407, it was up by 2% from February 2013 and was also up from the previous month. The average sale price to average list price ratio is at 97.1%. The listing inventory is up very slightly by .09% above February 2013. The sales to listing inventory ratio was at 14% which indicates a buyer’s market. The average days on market was unchanged from the previous month at 61 days. The absorption rate increased to 7 months.