Ottawa Real Estate Update | August 2022 Edition 

Last Month in Review

Last month in July 2022 members of the Ottawa Real Estate Board sold 1,110 residential properties decrease of 35.4% compared to July 2021.  Year to date 10,690 homes & condos have sold, 18.7% less than the Jan-Jul of 2021 We had 2,338 new properties listed for sale in July leaving the total number of residential properties for sale at 3,126 an increase of 44.9% from the end of July 2021. We currently have 2.8 Month Of Inventory on the market and a new listing sales rate of 47.5%.  A strong move back to a balance real estate market in Ottawa.

It took an average of 26 days for properties of all types to sell in
July, which is 6 days longer than July 2021 and last month.

Of these 1,5110 sales 840 were freehold houses, and 270 were condominiums. 
The average sales price for a freehold house sold in July  2022, was $716,354 showing an increase of 4.5% over July 2021.  While condominium average prices rose 1.4% from last year to $425,694.  


2021 in Review

In 2021, there were 20,302 sales by the Ottawa Real Estate Board members. Compared to 18,953 in 2020, an increase of 7.1%. 

It took an average of 20 days for properties of all types to sell in 2021 which is a decrease of 28.5% from 2020 which had an average of 28 days
 
Of these 20,302 sales, 15,318 (+6.1% from 2020) were freehold houses, and 4,984 (+10.4% from 2020) were condominiums.
 
The average sales price for a freehold house sold in 2021, was $719,605 showing an increase of 23.6% over 2020, while condominium average prices rose 16.1% from last year to $419,683.
 
and for comparison;
The average sales price for a freehold house sold in 2020, was $582,267 showing an increase of 19.7% over 2019's $486,475, while condominium average prices rose 18.8% from last year's $304,222 to $361,337.
 
At the beginning of 2022 the total number of residential properties for sale was 806 a decrease of 16.1% from just a year ago, and following a trend of declining inventory 55.0% lower than 2019, 70.0% lower than 2018, and 77.5% lower than 2017.
 
 

Last Month In Ottawa Real Estate


Last Month in Ottawa Real Estate
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OTTAWA HOME SALES & PRICES TRENDS (2019-2022)


The Tulip Team Real Estate Statistics for Ottawa
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The Tulip Team Real Estate Statistics for Ottawa
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Ottawa Home Sales & Prices over the last 10 Years & 63 Year History of the Ottawa Real Estate Board

 
10 & 62 Year History of Ottawa Real Estate
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