·Month to Month Sales increased by 5.9% from April to May 2014
·Year to Year sales increased by 4.8% from May 2013 to May 2014
·Listings climbed month over month by 3.8%
·Average sale price has gone up 7.1% year over year Nationally (taking out Greater Vancouver and Toronto sale prices increased 5.3%)
·Average price in May was $416,584. Omitting Vancouver and Toronto, average price point was $336,373 year over year.
Ottawa monthly Breakdown:
·1,792 Properties sold in May of 2014 (1,489 Residential and 303 Condo), 5 less than May of 2013. Still higher than the 5 year average for May (1765).
·Average Sale prices (residential and condo) was up to $381,172, which is a 3.2% increase year over year.
·Condo’s average price in May was $280,661, up about 6.9% over last May.
·Residential average price was $401,626, yearly increase of 2.1%.