Ottawa Real Estate Market Updates 2020
Main Housing Stats for Ottawa, Jan. 07, 2020: OREB Members sold a total of 533 Residential Properties in December 2019, up by 19.5%. (includes freehold and Condos). 328 were freehold house sales, up by 15.9% and 205 were condo sales, up by 25.8%.
The average price for all residential homes, which includes houses and condos was $470,835, an increase of 8.26% over December 2018.
- Average Freehold House Price in Ottawa is $566,846, an increase of 9.3%
- Average condominium price in Ottawa now $317,219, an increase of 9.15%
Video Timeline:
0:00 - 0:25 Introduction
0:25 - 2:14 Ottawa General Market Update
2:15 - 3:25 Orleans Market Update
3:26 - 4:32 Barrhaven Market Update
4:33 - 5:55 Kanata Market Update
Average SOLD Home Prices by Property Type
Below are the average prices for Different types of Freehold & Condominium class properties last month
| Housing Type | Average Price |
% Change in Price |
| Bungalow | $552,891 | 18.9% |
| 1 1/2 storey | $565,475 | -38.7% |
| 2 storey | $569,472 | 11% |
| 3 storey | $550,883 | -17.8% |
| Split-Level | $519,846 | 26.9% |
| High-Ranch | $646,667 | 61.1% |
| Condo 2 Storey | $284,922 | 18.4% |
| Condo Apartment | $332,269 | 5.7% |
| 3 Storey Condo | $385,740 | 17.8% |
How long does it take to sell a Home in Ottawa?
Last month Residential houses took 30 days to sell versus 50 in 2018 and Condominiums are taking 33 days to sell versus 69 days last year. The days quoted are Cumulative Days on the Market (more accurate)
Inventory Levels, How many homes are for sale right now?
There were 1792 Residential Properties listed for sale at the end of last month. 1525 were Residential Freehold Listings, down 26.5% and 267 listings were condos, down by 56.7% over same month last year.
Is it a Buyer's or Seller's Market?
We are currently in a Sellers' Market here in Ottawa based on the inventory levels we see above. We really need more people to list their homes right now, they will get the best price in this type of Market
How much is Your Ottawa Home Worth?
Average Sold House Prices for 2019
Average house price in Ottawa by month, compared with the same month last year
| Month | Average Price | % Change over 2018 |
| January 2019 | $394,893 | Up 2.2% |
| February 2019 | $422,000 | Up 8.5% |
| March 2019 | $420,000 | Up 5.2% |
| April 2019 | $449,700 | Up 7.9% |
| May 2019 | $449,000 | Up 5.6% |
| June 2019 | $456,000 | Up 9% |
| July 2019 | $487,000 | Up 10% |
| August 2019 | $485,000 | Up 12% |
| September 2019 | $437,318 | Up 7% |
| October 2019 | $442,944 | Up 1.2% |
| November 2019 | $453,170 | Up 15.4% |
| December 2019 | $470,835 | Up 8.26% |
Historical Average SOLD Home Prices in Ottawa
Sold Home Prices from 1956 - Present, (including Condos), plus % Change over Previous Year
| YEAR | AVERAGE PRICE | PERCENT CHANGE |
| 1956 | $13,351 | 0.2 |
| 1957 | $14,230 | 6.6 |
| 1958 | $15,564 | 9.3 |
| 1959 | $16,038 | 3.1 |
| 1960 | $16,791 | 4.7 |
| 1961 | $16,070 | -4.3 |
| 1962 | $15,952 | -0.7 |
| 1963 | $16,549 | 3.7 |
| 1964 | $16,563 | 0.1 |
| 1965 | $17,056 | 3.0 |
| 1966 | $18,004 | 5.6 |
| 1967 | $19,476 | 8.2 |
| 1968 | $23,329 | 19.8 |
| 1969 | $25,652 | 10.0 |
| 1970 | $26,532 | 3.4 |
| 1971 | $27,808 | 4.8 |
| 1972 | $30,576 | 10.0 |
| 1973 | $38,305 | 25.3 |
| 1974 | $46,661 | 21.8 |
| 1975 | $49,633 | 6.4 |
| 1976 | $54,623 | 10.1 |
| 1977 | $57,032 | 4.4 |
| 1978 | $59,134 | 3.7 |
| 1979 | $61,896 | 4.7 |
| 1980 | $62,748 | 1.4 |
| 1981 | $64,896 | 3.4 |
| 1982 | $71,080 | 9.5 |
| 1983 | $86,245 | 21.3 |
| 1984 | $102,084 | 18.4 |
| 1985 | $107,306 | 5.1 |
| 1986 | $111,643 | 4.0 |
| 1987 | $119,612 | 7.1 |
| 1988 | $128,434 | 7.4 |
| 1989 | $137,455 | 7.0 |
| 1990 | $141,438 | 2.9 |
| 1991 | $143,361 | 1.4 |
| 1992 | $143,868 | 0.4 |
| 1993 | $148,129 | 3.0 |
| 1994 | $147,543 | -0.4 |
| 1995 | $143,193 | -2.9 |
| 1996 | $140,534 | -1.9 |
| 1997 | $143,873 | 2.4 |
| 1998 | $143,953 | 0.1 |
| 1999 | $149,650 | 4.0 |
| 2000 | $159,511 | 6.6 |
| 2001 | $175,971 | 10.3 |
| 2002 | $200,711 | 14.1 |
| 2003 | $218,692 | 9.0 |
| 2004 | $235,678 | 7.8 |
| 2005 | $244,532 | 3.8 |
| 2006 | $255,889 | 4.7 |
| 2007 | $272,618 | 6.4 |
| 2008 | $290,366 | 6.6 |
| 2009 | $303,888 | 4.9 |
| 2010 | $327,225 | 7.7 |
| 2011 | $343,284 | 4.9 |
| 2012 | $351,792 | 2.3 |
| 2013 | $357,348 | 1.6 |
| 2014 | $361,707 | 1.2 |
| 2015 | $367,632 | 1.7 |
| 2016 | $371,901 | 1.2 |
| 2017 | $392,474 | 5.4 |
| 2018 | $407,571 | 3.9 |
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