Ottawa Real Estate Recap for May 2011
Posted on:
June
9,
2011
Unit sales were down slightly by -1.6% compared to May 2010. (Last year's market peaked in April because of the impact of the introduction of HST in June) The average sale price was +5.6% over May 2010 to $352,347. New listings remained low which led to a more modest increase in the listing inventory. The sale to inventory ratio increased slightly to 28% indicating that we are just into seller market territory. The average days on market was 31 days and the absorption rate is at 5.4 months..
(download)
