The Ottawa Real Estate Board reported 1,661 unit sales in the month of June, a strong increase of 4.3% over June 2013. The five year average for the number of sales in the month of June is 1,636 units.  The number of new listings taken in the month saw a very small increase of .08% compared to June 2013.  The average sale price increased again.  Now at $364,264, it was up by 1.4% from June 2013 but was down from the previous month.  The average sale price to average list price ratio is steady at 97.6%. The listing inventory continues to grow slowly, up 11.9% over that of June 2013.  The sales to listing inventory ratio was at 19% which indicates a balanced market. The average days on market was the same as the previous month at 42 days.  The stronger sales in the month kept listing inventory levels in check and also positively affected the absorption rate which decreased to 7 months.