Ottawa Real Estate Statistics

The Ottawa Real Estate Board reported 1,133 unit sales in the month of September, this is a small increase of 1.3% over September 2013. The five year average for the number of sales in the month of September is 1,103 units. The average sale price increased by 3% over last September and was at $356,915. New listings taken in the month increased by 6.5% over last year. Inventory levels are consistently but modestly higher over 2013, by 10.5%. Sales to listing inventory ratio was at 14% which indicates a buyer’s market. The average days on market was up from the previous month to 53 days.