Ottawa Real Estate Statistics

The Ottawa Real Estate Board reported 1,126 unit sales in the month of March, a decrease of 2.9% from March 2013. The five year average for the number of sales in the month of March is 1,291 units. The number of new listings taken in the month decreased by 3% compared to March 2013.  The average sale price increased very slightly.  At $359,051, it was up by .03% from March 2013 and was also up from the previous month.  The average sale price to average list price ratio is at 97.6%. The listing inventory increased by 10.3% over that of March 2013.  The sales to listing inventory ratio was at 16% which indicates a balanced market. The average days on market was down from the previous month to 49 days.