Ottawa MLS® recent stats show an average house price of $936k and 675 new listings in the last 28 days. Also, recent Ottawa housing data indicate median days on the market for a home is 15 days.
1. Listings on Market:
Ottawa real estate market offers a diverse range of housing options, including homes, townhomes, and condos. Ottawa’s market is currently graced with 786 homes listed.
With 273 townhomes on the market, Ottawa showcases an essential segment of the real estate landscape, offering space and affordability, a vital aspect of the city real estate market.
Condos have a strong presence in Ottawa’s real estate market, with 290 options, providing a compact and maintenance-free living arrangement.
2. Average Listings Price in the Last Month:
Examining the average listing prices over the last month provides crucial insights into the affordability and market value of these properties within the city real estate market:
The average listing price for homes in Ottawa over the last month has seen a slight increase of 0.95%, reaching $969.5K, indicating the steady demand and value of homes in the city real estate market.
Ottawa’s townhome market maintains a stable average listing price of $601.1K over the same period, contributing to affordability and an important segment of the city real estate market.
Condos in Ottawa have shown no change in the average listing price, remaining consistent at $498.7K over the last month, providing affordable options within the city real estate market.
3. Change in Average Listing Price:
Understanding the fluctuations in average listing prices can uncover significant market dynamics within the city real estate market:
Homes have experienced a slight 0.95% increase in the average listing price, indicating consistent demand and gradual appreciation within the city real estate market.
The townhome market has maintained a steady average listing price, highlighting affordability and stability, a key feature of the city real estate market.
Condos have held their pricing, reflecting no change in the average listing price, contributing to a balanced market within the broader city real estate market.
4. Average SOLD Price in the Last Month:
The average sold prices for homes, townhomes, and condos in the last month represent the actual transaction values within the city real estate market:
Over the last month, homes in Ottawa have seen a robust 7.86% increase in the average sold price, underlining their desirability and value within the city real estate market.
Ottawa’s townhome market has reported no change in the average sold price over the same period, indicating stability and steady demand, a vital feature of the city real estate market.
Condos have witnessed an impressive 20.25% increase in the average sold price, showcasing their strong demand and investment potential in the city real estate market.
Inventory & SOLD Statistics:
Over the last 60 days, the Ottawa real estate market has witnessed a flurry of activity:
There were 1404 new home listings, with 10 homes sold during this period, reflecting the competitive nature of the homes market within the city real estate market. The average days on the market for homes was 28 days, and the selling-to-listing price ratio stood at 99.7%, highlighting an efficient and competitive market.
Ottawa saw 688 new townhome listings and 11 townhomes sold in the last 60 days. The average days on the market for townhomes was 28 days, with a selling-to-listing price ratio of 99.63%.
For condos, there were 439 new listings and 8 condos sold in the last 60 days, with an average day on the market of 27 days and a selling-to-listing price ratio of 99.46%.
