Ottawa Real Estate Statistics

The Ottawa Real Estate Board reported 589 unit sales in the month of January, virtually the same as January 2013. The five year average for the number of sales in the month of January is 640 units. The number of new listings taken in the month increased by 2% compared with January 2013.  The average sale price increased.  At $346,744, it was up by 1% from January 2013 and was also up from the previous month.  The listing inventory is up 7% above January 2013.  The sales to listing inventory ratio was at 11% which indicates a buyer’s market. The average days on market was unchanged from the previous month at 61 days.