Ottawa Real Estate Update | July 2021 Edition
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.
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.