The Ottawa Real Estate Board reported 1,090 unit sales in October, an increase of 2% compared with October 2012. The five year average for the number of sales in the month of October is 1,091 units. The number of new listings taken in the month increased by 6% compared with October 2012. The average sale price also saw an increase. At $360,085, it was up from the previous month and increased by 4.1% from October 2012. The listing inventory is 8% above October 2012. The sales to listing inventory ratio was at 16% which indicates a balanced market. All indicators point to a very stable real estate market in Ottawa.