Number of Sales (1,594) – decrease of 4.1%
Average Sale Price ($359,232) – increase of 1.9%
Days on Market = 42 days
New Listings – increase of 3.9%
The Ottawa Real Estate Board reported 1,594 unit sales in June, a decrease of 4.1% compared with June 2012. The five year average for sales in the month of June is 1,717 units. New listings taken in the month increased slightly by 3.9% compared with June 2012. The average sale price in June was at $359,232 an increase of 1.9% over 2012. The listing inventory continues to grow but at a slightly lower rate, being up 13.9% over levels in June 2012. The sales to listing inventory ratio was at 21% which indicates a balanced market. In the past 24 months Ottawa has been in a balanced market 18 months. The days on market increased slightly to 42 days.