How Long Are Properties Selling For in Ottawa's Real Estate Marketplace
The Ottawa real estate marketplace is starting to shift away from a seller's market considerably.
As shown below, most of the property types in both residential and condo markets sold longer, on average, in December 2023 compared to the previous month in November. This means affordability remains a key factor for buyers
Depending on where you live or invest or where you would like to live or invest, it is important to monitor the average number of days it takes for properties to sell to inform you when it is the right time for you to buy or sell to gain value for your pocketbook.
RESIDENTIAL*
| Property Type |
Average Number of Days: November 2023 |
Average Number of Days: December 2023 |
Market Trend Direction |
| 2-Storey Detached | 37 | 49 | Seller's Market to Balanced Market |
| Bungalow | 50 | 56 | Balanced Market to Buyer's Market |
| 2-Storey Townhome | 29 | 42 | Seller's Market to Balanced Market |
CONDOS*
| Property Type |
Average Number of Days: November 2023 |
Average Number of Days: December 2023 |
Market Trend Direction |
| 1-Level Condo Apartment | 39 | 42 | Seller's Market to Balanced Market |
| Condo Townhome | 30 | 30 | Seller's Market |
*Source: Ottawa Real Estate Board
