Sales statistics

market updates - JUNE 2024

Average Sale Price Residential: $686,535 up 0.5% over June 2023
Average Sale Price Condo: $455,939 down -0.6% over June 2023
Total Residential Homes Sold: 1439 up 0.1% from June 2023
Total Condo Sales: 208 down -17.8% from June 2023
“Ottawa continues to see steady activity as we head into the summer market,” says OREB President Curtis Fillier. “Unlike recent years, buyers have more room to wait, evaluate and be selective when searching for the right property at the right price, leading to a slight uptick in the days on market. Sellers are making moves as evidenced by the inventory and listings. After recovering from last year’s slowdown, Ottawa’s market performance is nearly back on par and continues to make gains.”
“It’s going to be an interesting summer and next half of the year. As confidence builds, there will be ample opportunities for both parties. Now is the time for sellers to ensure their property is at its best and priced appropriately to attract buyers who remain slightly reluctant. Buyers would do well to remember that inventory levels — and competition — can swing quickly in Ottawa’s tight market.”