The Ottawa Real Estate Board reported 1,420 unit sales in the month of April, a decrease of 9.5% from April 2013. This is below the five year average for the number of sales in the month of April which is 1,622 units. The number of new listings taken in the month decreased by 1.3% compared to April 2013. The average sale price increased slightly. At $374,015, it was up by .8% from April 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 continues to increase, up 9.2% over that of April 2013. The sales to listing inventory ratio was at 18% which indicates a balanced market. The average days on market was down from the previous month to 45 days. The absorption rate continues to increase and is at 8.5 months.