Every month we track and SHARE with you Ottawa's Real Estate Trends.
(Sign up to receive email updates)
It took an average of 28 days for properties of all types to sell in 2020 which is a decrease of 25% from 2019.
Ottawa Real Estate Update | July 2021 Edition
Last month in June 2021 members of the Ottawa Real Estate Board sold 2,131 residential properties an increase of 4.6% compared to 2,038 in June 2020.
We had 3,151 new properties listed for sale in June which is a 32.8% increase compared to June 2020, leaving the total number of residential properties for sale at 2,108 an increase of 10.3% from June of last year and an increase of 250 properties for sale compared to last month.
We currently have 1 Month Of Inventory on the market and a new listing sales rate of 67.6%, still a strong seller's market in Ottawa.
We had 3,151 new properties listed for sale in June which is a 32.8% increase compared to June 2020, leaving the total number of residential properties for sale at 2,108 an increase of 10.3% from June of last year and an increase of 250 properties for sale compared to last month.
We currently have 1 Month Of Inventory on the market and a new listing sales rate of 67.6%, still a strong seller's market in Ottawa.
It took an average of 14 days for properties of all types to sell in May which is 16 days shorter than the average in June 2020 and 2 days longer than May.
Of these 2,131 sales, 1,647 were freehold houses, and 484 were condominiums.
The average sales price for a freehold house sold in June 2021, was $725,970 showing an increase of 26.3% over June 2020. While condominium average prices rose 20.5% from last year to $435,198.
Last Year: 2020 in Review
During 2020, there were 18,971 sales by the Ottawa Real Estate Board members.
Compared to 17,613 in 2019, an increase of 1.9%.
Nearly 60% of 2020's sales occurred from July-December which was a shift in the years seasonal market due to the pandemic, where 40% of Ottawa sales usually occur in the last 2 quarters.
It took an average of 28 days for properties of all types to sell in 2020 which is a decrease of 25% from 2019.
Of these 18,971 sales, 14,455 (+3.0% from '19) were freehold houses, and 4,516 (-1.5% from '19) were condominiums.
The average sales price for a freehold house sold in 2020, was $582,267 showing an increase of 19.7% over 2019, while condominium average prices rose 18.8% from last year to $361,337.
