Ottawa Real Estate Statistics

Ottawa real estate average sold price in the last 30 days (March 26 - April 24) was $615,268, which is $221,009 (35.9%) lower than the average price of $836,277 in the previous 30 day period (February 25 - March 25), and $362,132 (58.9%) down from the same period 1 year ago ($977,400). Ottawa real estate prices over the last 30 days are also $139,566 (22.7%) lower than the average selling price of $754,834 over the past year.

Ottawa average sold price for homes was $711,000 in the last 30 days (March 26 - April 24), which is $424,300 (59.7%) down from the average home price of $1,135,300 in the previous 30 day period (February 25 - March 25), and $387,625 (54.5%) lower than the same period 1 year ago ($1,098,625). In the last 30 days Ottawa the average home price was $339,806 (47.8%) lower than the average selling price of $1,050,806 over the last 12 months.

Average sold price of Ottawa townhouse was $576,976 in the last 30 days (March 26 - April 24), up $83,643 (14.5%) from the average townhome price of $493,333 over the previous 30 days (February 25 - March 25), and $68,024 (11.8%) lower than during to the same period 1 year ago ($645,000). Over the last 30 days the average townhouse price in Ottawa was $25,980 (4.5%) higher compared to the average selling price of $550,996 over the last 12 months.

Average selling price for Ottawa real estate was $615,268 in the last 30 days (March 26 - April 24), which is collectively $13,322 (1.6%) lower than the average asking price of $855,987. This represents an increase of $21,989 (62.3%) compared to $35,311 (4.7%) Sold-Under-Asking price from the previous 30 day period (February 25 - March 25).

The maximum Sold Over/Under Asking ratio in Ottawa during the last 12 months was recorded in May, 2023 with an average of $3,796 over the asking price, while the minimum occurring in October, 2023 with $65,875 below the asking price.

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 58.3% with 14 properties sold and 29 new properties listed in the past 30 days (March 26 - April 24). This represents an increase from 31.0% recorded during the previous 30 day period (February 25 - March 25), and an increase from 40.0% compared to the same period one year ago.

Over the the last year the highest SNLR in Ottawa was 72.2% recorded in February and the lowest was in October at 12.9%. 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.

The Average Days on the Market (DOM) for 14 properties that were successfully sold in Ottawa in the last 30 days (March 26 - April 24) was 39 days, which is 14 days less than 53 days average in the previous 30 day period (February 25 - March 25) and 7 days shorter than during the same period a year ago (46 days).

There were 24 delisted properties in Ottawa, those that got either Expired, Suspended or Terminated over the last 30 days (March 26 - April 24) with an average of 81 days on the market. This is 0 days longer than the average of 81 days during the previous 30 day period (February 25 - March 25) and 8 days less compared to the same period last year average of 89 days on the market.

24 Ottawa properties that didn't sell stayed on the market 107.7% longer than 14 that sucessfully sold over the last 30 days - 39 days when sold vs 81 days when delisted respectively.

Average Days on the Market in Ottawa over the past 12 months for properties that have sold was 41.4 days, with 72.8 days for those properties that did not sell.

24 new properties were listed on the market in Ottawa in the last 30 days (March 26 - April 24). During the same time 14 properties were sold and 24 listings were removed from the market (Expired, Suspended or Terminated), which represents a decrease in total inventory by 14 properties (or 58.3%).

During the previous 30 day period (February 25 - March 25) there were 29 new properties listed, 9 sold and 22 properties that did not sell and were removed from the market.

Over the past year the busiest month for new listings was June with 38 new properties listed, the slowest - December with 7 new listings and a yearly average of 28 new listings per month.

There were a total of 16 homes listed during the last 30 days (March 26 - April 24), which is 66.7% of all properties listed in Ottawa. This is a 33.3% increase compared with a previous 30 day period (February 25 - March 25) and 14.3% up from the same period a year ago. Over the past year an average of 14 homes are were listed per month.

4 condo units were listed in the last 30 days (March 26 - April 24) in Ottawa, which represents 16.7% of all new listings. This is down 0.0% from the prior 30 day period (February 25 - March 25) and 33.3% less compared to the same period last year. There were 4 condos listed per month on average during the last 12 months.

4 townhomes were listed over the last 30 days (March 26 - April 24) in Ottawa, which is 16.7% of all new real estate inventory. This is a 69.2% less than during the previous 30 day period (February 25 - March 25) and 20.0% decrease compared to the same period a year ago. During the last year the average number of townhomes listed stood at 10 a month.

There were a total of 4 homes sold during the last 30 days (March 26 - April 24), which is 28.6% of all properties sold in Ottawa. This is a 20.0% decline compared with a previous 30 day period (February 25 - March 25) and 50.0% down from the same period a year ago. Over the past year an average of 4 homes are were sold per month.

10 townhomes were sold over the last 30 days (March 26 - April 24) in Ottawa, which is 71.4% of all sold real estate. This is a 233.3% more than during the previous 30 day period (February 25 - March 25) and 900.0% increase compared to the same period a year ago. During the last year the average number of townhomes sold stood at 4 a month.