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 April 4th and include sales of both residential and condominium properties in the Greater Ottawa Area.
The facts:
# of Sales (1,126) - decrease of 2.9%
Avg. Sale Price ($359,051) - increase of .03%
Days on Market = 49 days
Cumulative Days on Market = 98
New Listings = -decrease of 3%
Inventory Absorption Rate - 8 months
Sales-to-Inventory Ratio - 16% (Balanced Market)
Average Sale Price to Average List Price Ratio – 97.6%
The Ottawa Real Estate Board reported 1,126 unit sales in the month of March, a decrease of 2.9% from March 2013. The five year average for the number of sales in the month of March is 1,291 units. The number of new listings taken in the month decreased by 3% compared to March 2013. The average sale price increased very slightly. At $359,051, it was up by .03% from March 2013 and was also up from the previous month. The average sale price to average list price ratio is at 97.6%. The listing inventory increased by 10.3% over that of March 2013. The sales to listing inventory ratio was at 16% which indicates a balanced market. The average days on market was down from the previous month to 49 days. The absorption rate increased to 8 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 April 4th and include sales of both residential and condominium properties in the Greater Ottawa Area.
The facts:
# of Sales (1,126) - decrease of 2.9%
Avg. Sale Price ($359,051) - increase of .03%
Days on Market = 49 days
Cumulative Days on Market = 98
New Listings = -decrease of 3%
Inventory Absorption Rate - 8 months
Sales-to-Inventory Ratio - 16% (Balanced Market)
Average Sale Price to Average List Price Ratio – 97.6%
The Ottawa Real Estate Board reported 1,126 unit sales in the month of March, a decrease of 2.9% from March 2013. The five year average for the number of sales in the month of March is 1,291 units. The number of new listings taken in the month decreased by 3% compared to March 2013. The average sale price increased very slightly. At $359,051, it was up by .03% from March 2013 and was also up from the previous month. The average sale price to average list price ratio is at 97.6%. The listing inventory increased by 10.3% over that of March 2013. The sales to listing inventory ratio was at 16% which indicates a balanced market. The average days on market was down from the previous month to 49 days. The absorption rate increased to 8 months.