As the long-awaited spring season of buying and selling ramps up, people are on the move, and the properties are selling faster and faster. Despite variances in price from neighbourhood to neighbourhood, the average Ottawa property for sale in March was on the market for a mere 82 days. As such, this past March came in second in history for the number of units sold, tagging close behind March 2010 where just thirteen more units were sold.
March Real Estate in Ottawa Summary
- 314 condominium property class sales at an average sale price of $272,597
- 1,171 residential property class sales at an average sale price of $415,467
- The most common price point in the residential market in Ottawa this March was between $300,000 and $399,000.
- The most common price point in the condominium market in Ottawa this March was between $150,000 and $249,999.
The month of March was defined by an influx of multiple offers amongst an increasingly low inventory of homes for sale. Nonetheless, there is a continuation of sales in the Ottawa real estate market at over $1 million, in neighbourhoods such as Rockcliffe Park, The Glebe, and Westboro.
If you are seeking any kind of support in listing your home, purchasing a new home, or learning more about the Ottawa real estate market, please contact our team of expert Realtors ® at Royal LePage Performance Realty today to learn more. For more information on monthly real estate statistics in Ottawa, visit the Ottawa Real Estate Board.