Ottawa Real Estate Statistics

The Ottawa Real Estate Board reported 870 unit sales in the month of February, a decrease of 3.7% from February 2013. The five year average for the number of sales in the month of February is 953 units. The number of new listings taken in the month was the same as in February 2013.  The average sale price increased.  At $353,407, it was up by 2% from February 2013 and was also up from the previous month.  The average sale price to average list price ratio is at 97.1%. The listing inventory is up very slightly by .09% above February 2013.  The sales to listing inventory ratio was at 14% which indicates a buyer’s market. The average days on market was unchanged from the previous month at 61 days.