Ottawa Real Estate Statistics

The facts:

Number of Sales (602) –  decrease of 11.7%  

Avg. Sale Price ($342,458) – decrease of 1.8%  

Days on Market – 55 days

New Listings – increase of 15%  

Inventory Absorption Rate –  5.5 months 

Sales-to-Inventory Ratio – 12%  (Buyer’s Market) 


The Ottawa Real Estate Board reported 602 unit sales in January which was a decrease of 11.7% over January 2012. The five year average for sales in January is 667 units.  New listings for the month was higher than the previous month and increased 15% over January 2012.  The average sale price in January was at $342,458, a slight decrease of 1.8% from January 2012.  The listing inventory increased from the previous month and is up 15% over January 2012.  The sales to listing inventory ratio was at 12% which indicates a buyers market.  The days on market increased to 55 days and the absorption rate has increased to 5.5 months.