The Ottawa Real Estate Board reported 1,445 unit sales in the month of July, a strong increase of 8.2% over July 2013. This is above the five year average for the number of sales in the month of July which is 1,317 units . The number of new listings taken in the month increased by 10% over last year. This month the average sale price decreased slightly. Now at $356,735, it was down by 0.8% from last July. The average sale price to average list price ratio slipped slightly to 97.3%. Strong sales were balanced by the increase of new listings and the listing inventory continues to increase, up 13% over that of July 2013. The sales to listing inventory ratio was at 17% which indicates a balanced market. The average days on market was up from the previous month to 48 days.