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Ottawa Real Estate Update | June 2021 Edition 

 

Last month in May 2021 members of the Ottawa Real Estate Board sold 2,296 residential properties an increase of 71.1%  compared to 1,342 in May 2020.*

We had 3,113 new properties listed for sale in May which is a 88.6% increase compared to May 2020*, leaving the total number of residential properties for sale at 1,867 a decrease of 3.4% from May of last year but an increase of 300 properties for sale compared to last month.

We currently have 0.8 Month Of Inventory on the market and a new listing sales rate of 73.8%, a very strong seller's market in Ottawa.
 
It took an average of 10 days for properties of all types to sell in May which is 25 days shorter than the average in May 2020 and 1 day shorter than April.   
 
Of these 2,296 sales, 1,779 were freehold houses, and 517 were condominiums. 
 
The average sales price for a freehold house sold in May 2021, was $741,206 showing an increase of 35.2% over May 2020.  While condominium average prices rose 23.6% from last year to $424,843.  

*In May 2020 sales & homes lister were 50% lower than standard due to the 1st lockdown.
 

 

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.
 
 
 

Last Month In Ottawa Real Estate


Last Month in Ottawa Real Estate
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OTTAWA HOME SALES & PRICES TRENDS (2018-2021)


 
 

Ottawa Home Sales & Prices over the last 10 Years & 62 Year History of the Ottawa Real Estate Board