MARCH RESALES IN OTTAWA ROAR OUT LIKE A LION

The March stats are out. Here are the 3 key details to keep in mind:

  1. 1485 residential properties were sold in March, compared with 1160 in March 2016, an increase of 28%. The five-year average for March sales is 1240.
  2. The average sale price of a residential-class property sold in March in the Ottawa area was $415,467 an increase of 5.3% over March 2016.
  3. The average sale price for a condominium-class property sold in March in the Ottawa area was $272,597,  an increase of 5.3% over March 2016.

Source: Ottawa Real Estate Board

 

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