From the blog...

Ottawa Market Update for April, 2012

The Ottawa Real Estate Market continues on a steady course.  Re-sale housing inventory is up by 6.9% since last year and interest rates remain low – all indicating that Ottawa remains a healthy, stable market.

Members of the Ottawa Real Estate Board sold 1,568 residential properties in April through the Board’s Multiple Listing Service® system, compared with 1,530 in April 2011, an increase of 2.5 per cent.  April’s sales included 300 in the condominium property class, and 1,268 in the residential property class..

The average sale price of residential properties, including condominiums, sold in April in the Ottawa area was $364,077, an increase of 3.7 per cent over April 2011. The average sale price for a condominium-class property was $272,851, an increase of 6.7 per cent over April 2011. The average sale price of a residential-class property was $385,660, an increase of 2.6 per cent over April 2011.

Each area is slightly different so if you are curious to know what your home is worth – or even that of the house down the street, give me a call.

Chris