Ottawa's Real Estate Marketplace | June 2020 Edition
It took an average of 37 days for properties of all types to sell in May 2020 which is the same as the average in May 2019 and 11 days longer than the month before, Apr 2020.
1,650 new properties were listed for sale in May 2020 which is a 48.8% decrease compared to May 2019, bringing the total number of residential properties for sale to 1,933 a decrease of 50.4% from May of last year.
The two notable stats for Bill Meyer were; while sales were cut in half so too were the number of new properties for sale, maintaining the balance of the market and the stimulating the average price index of the market.
Last Year: 2019 in Review
During 2019, there were 18,662 sales by the Ottawa Real Estate Board members.
Compared to 17,467 in 2018 home sales showed an increase of 6.6%.
It took an average of 44 days for properties of all types to sell in 2018 which is a decrease of 21.7% from 2018.
Below are some helpful charts to illustrate
the Real Estate trends in Ottawa
Homes & Condos Sold in Ottawa Last Month
Average Price of Homes & Condos Sold in Ottawa Last Month
Inventory of Homes & Condos for Sale in Ottawa
Precentage of Homes & Condos Selling in Ottawa