Busy spring market continues in June

Members of the Ottawa Real Estate Board sold 1,694 residential properties in June through the Board’s Multiple Listing ServiceĀ® system, compared with 1,657 in June 2014, an increase of 2.2 per cent. The five-year average for June is 1,664.

Year-to-date sales for the first half of 2015 are up 4.9 per cent over the first half of 2014, and average sale price continues to be steady for the first half of the year.

Inventory levels at the end of the month remain healthy, with average cumulative days on market keeping steady at 74 days.

The average sale price of a residential-class property sold in June in the Ottawa area was $404,254, an increase of 4.1 per cent over June 2014. The average sale price for a condominium-class property was $217,415, an increase of 5.1 per cent over June 2014.