Ottawa Real Estate Resource

1232 homes were sold in Ottawa during the month of March, as compared with 1495 during March 2010. This represents a decrease of 17.6 percent.

The 1232 Ottawa homes that were sold consisted of 296 Ottawa area condominiums and 936 Ottawa residential homes.

Ottawa Real Estate Board Joanne Tibbles explains this decrease as a result of factors such as the introduction of the HST that affected the 2010 sales. "Years in which there are unusual market forces, such as the HST in 2010, tend to create skewwed comparisons with subsequent years. Ottawa's housing market is ticking along much as it usually does in early Spring," said Tibbles. The five-year average of Ottawa home sales in March is 1256.

With respect to Ottawa area condos, the average sale price of the 296 condos that were sold was $253,763, which represents an increase of 6.5% over 2010.

The average sale price of an Ottawa residential unit was $375,364, which was an increase of 5.6% over the same period last year.

For more details on today's housing market statistics, visit our Ottawa real estate website at http://www.ottawaproperties.com or call one of our experienced, professional Sales Representatives at 613-288-0090.