Ottawa Real Estate Statistics

The Ottawa Real Estate Board reported 891 unit sales in the month of November, a decrease of 4% compared with November 2012. The five year average for the number of sales in the month of November is 939 units. The number of new listings taken in the month decreased by .04% compared with November 2012.  The average sale price increased again. At $356,676, it was up by 1.9% from November 2012 but was down from the previous month.  The listing inventory is 5% above November 2012.  The sales to listing inventory ratio was at 15% which is on the boundary between a balanced market and a buyer’s market. In many area’s of the city the market is in a buyer’s position.  In spite of weaker sales the decrease in listings coming on the market has kept the listing inventory from growing too quickly. The average days on market has increased to 55 days.