Ottawa Real Estate Statistics

The Ottawa Real Estate Board reported 1,167 unit sales in March which was a decrease of 15.9% compared with March 2012. The five year average for sales in the month of March is 1,275 units.  The lower level of sales was balanced by the lower number of listings coming on the market which is keeping prices flat. New listings for the month were higher than the previous month but decreased by 1.7% compared with March 2012.  The average sale price in March was at $358,102, a slight increase of 1% over 2012.  The listing inventory has increased from the previous month and is also up compared to March 2012.  . The sales to listing inventory ratio was at 18% which indicates a balanced market.  The days on market decreased slightly to 42 days.