April 2012 Statistics
April 2012 Ottawa real estate home sale statistics
Sales of homes in Ottawa were up 2.5% during the month of April, as compared with April 2011, with agents selling 1568 homes in April.
Of those 1568 Ottawa homes sold, 300 were Ottawa condos and 1268 were residential homes.
The average sale price for all homes during April was $364,077, an increase of 3.7%. The average sale price for condos in Ottawa was up a whopping 6.7% to $272,851 while the average sale price for residential homes was up a respectable 2.6% to $385,660.
It is also interesting to note that the inventory of homes listed for sale is up 6.9% over last year and that interest rates are still very low, indicating a stable and healthy housing market in Ottawa as summer approaches.
February 2012 Statistics
February 2012 Ottawa real estate home sale statistics
A total of 1009 residential homes were sold in February 2012, which is 7.3% more than the number of homes sold in February 2011.
The average sale price of a home in the Ottawa area in February was $374,472 which is up 3.4% over last year.
Condominium sales were up 4.6 % over 2011 as 244 condos were sold, however, the average price of those condos was $273,464.
It is interesting to note, however, that condos are enjoying an increasing popularity in the Ottawa area housing market, with residential real estate holding its own.