March Market Update
Apr
08

March 2019 Market Statistics for Condominiums in Ottawa

Have a look at the March 2019 Market Statistics for Condominiums in Ottawa.

Members of the Ottawa Real Estate Board sold 375 condominium-class properties in March 2019, an increase of 5% from March 2018.

The average condo days on market are down 36% from last year due to lack of inventory causing properties to sell very quickly.

The average sale price for a condo in Ottawa was $290,181, an increase of 5.2% from March 2018.*

The most prevalent price point in the condominium market increased to the $225,000-$349,999 price range, accounting for 49 percent of the units sold.

Curious about March 2019 market statistics for residential class properties in Ottawa as well? Click here to read the full story.

*Average sale price can be useful in establishing trends over time but should not be used as an indicator that specific properties have increased or decreased in value. The calculation of the average sale price is based on the total dollar volume of all properties sold. Price and conditions will vary from neighbourhood to neighbourhood.

Post by: Kim Pepin

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