Ottawa Real Estate Statistics

Ottawa Real Estate Price Trend
Ottawa real estate average sold price in the last 30 days (December 23 - January 21) was $530,500, which is $159,500 (30.1 %) lower than the average price of $690,000 in the previous 30 day period (November 23 - December 22), and $53,379 (10.1 %) down from the same period 1 year ago ($583,879). Ottawa real estate prices over the last 30 days are also $132,952 (25.1 %) lower than the average selling price of $663,452 over the past year.
Sold Price Above/Below Asking ($)
Average selling price for Ottawa real estate was $530,500 in the last 30 days (December 23 - January 21), which is collectively $5,650 (1.0 %) higher than the average asking price of $548,606. This represents an increase of $44,650 (114.5 %) compared to $39,000 (6.0 %) Sold-Under-Asking price from the previous 30 day period (November 23 - December 22).
The maximum Sold Over/Under Asking ratio in Ottawa during the last 12 months was recorded in April, 2021 with an average of $66,620 over the asking price, while the minimum occurring in November, 2021 with $39,000 below the asking price.
Sales to New Listings Ratio
Sales to New Listings Ratio (SNLR) represents the number of sales in relation to new inventory listed over a period of time. SNLR for all property types in Ottawa was 13.3 % with 2 properties sold and 13 new properties listed in the past 30 days (December 23 - January 21). This represents an increase from 7.7 % recorded during the previous 30 day period (November 23 - December 22), and a decrease from 62.5 % compared to the same period one year ago.
Over the the last year the highest SNLR in Ottawa was 87.0 % recorded in August and the lowest was in November at 6.2 %. SNLR of under 40% generally represents the Buyers' Market, while 60% and above - the Sellers' Market, with 40% to 60% range signaling a balanced market.
Average Days on Market when Sold vs Delisted
The Average Days on the Market (DOM) for 2 properties that were successfully sold in Ottawa in the last 30 days (December 23 - January 21) was 117 days, which is 27 days more than 90 days average in the previous 30 day period (November 23 - December 22) and 103 days longer than during the same period a year ago (14 days).
There were 3 delisted properties in Ottawa, those that got either Expired, Suspended or Terminated over the last 30 days (December 23 - January 21) with an average of 153 days on the market. This is 73 days longer than the average of 80 days during the previous 30 day period (November 23 - December 22) and 39 days more compared to the same period last year average of 114 days on the market.
3 Ottawa properties that didn't sell stayed on the market 30.8 % longer than 2 that sucessfully sold over the last 30 days - 117 days when sold vs 153 days when delisted respectively.
Average Days on the Market in Ottawa over the past 12 months for properties that have sold was 41.2 days, with 70.3 days for those properties that did not sell.
New Real Estate Listings vs Sold/Delisted
15 new properties were listed on the market in Ottawa in the last 30 days (December 23 - January 21). During the same time 2 properties were sold and 3 listings were removed from the market (Expired, Suspended or Terminated), which represents an increase in total inventory by 10 properties (or 66.7 %).
During the previous 30 day period (November 23 - December 22) there were 13 new properties listed, 1 sold and 7 properties that did not sell and were removed from the market.
Over the past year the busiest month for new listings was September with 33 new properties listed, the slowest - January with 8 new listings and a yearly average of 20 new listings per month.
New Real Estate Listings by Property Type
There were a total of 3 homes listed during the last 30 days (December 23 - January 21), which is 20.0 % of all properties listed in Ottawa. This is a 40.0 % decline compared with a previous 30 day period (November 23 - December 22) and 50.0 % down from the same period a year ago. Over the past year an average of 9 homes are were listed per month.
5 condo units were listed in the last 30 days (December 23 - January 21) in Ottawa, which represents 33.3 % of all new listings. This is up 66.7 % from the prior 30 day period (November 23 - December 22) and 400.0 % more compared to the same period last year. There were 5 condos listed per month on average during the last 12 months.
7 townhomes were listed over the last 30 days (December 23 - January 21) in Ottawa, which is 46.7 % of all new real estate inventory. This is a 40.0 % more than during the previous 30 day period (November 23 - December 22) and 600.0 % increase compared to the same period a year ago. During the last year the average number of townhomes listed stood at 6 a month.
Real Estate Sales by Property Type
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