How Long Does It Take For Properties To Sell In Ottawa's Real Estate Market
Welcome to my latest blog post! I will take a deep dive into the real estate market in Ottawa and explore how long it takes for residential and condo properties to sell in the different districts of the city.
The performance indicator the article will talk about is the average number of days that properties sell. This metric is important because it tell buyers, investors and sellers whether there is a significant amount of demand for housing in the market, and whether it is a good time to buy or sell.
Here are the latest numbers from January 2023 to February 2023.
Please note that the average numbers of days to sell below are based on the number of listings that were available and sold in the respective districts during the period from January 2023 to February 2023.
AVERAGE NUMBER OF DAYS TO SELL - RESIDENTIAL MARKET
| DISTRICT | JANUARY 2023 | FEBRUARY 2023 |
| Avalon | 45 | 31 |
| Barrhaven | 41 | 33 |
| Carleton Place | 48 | 27 |
| Findlay Creek | 34 | 25 |
| Hunt Club | 54 | 31 |
| Kanata | 31 | 21 |
| Orléans | 43 | 35 |
| Riverside South | 36 | 31 |
| Rockland | 41 | 46 |
| Stittsville | 36 | 30 |
AVERAGE NUMBER OF DAYS TO SELL - CONDO MARKET
| DISTRICT | JANUARY 2023 | FEBRUARY 2023 |
| Avalon | 15 | 12 |
| Barrhaven | 44 | 44 |
| Carleton Place* | - | - |
| Findlay Creek" | - | - |
| Hunt Club | 47 | 43 |
| Kanata | 25 | 66 |
| Orléans | 33 | 35 |
| Riverside South | 65 | 40 |
| Rockland' | - | - |
| Stittsville# | - | - |
* There were only 3 listings available and sold in Carleton Place which is not a large enough representative sample size of listings to compare the average number of days to sell from January 2023 to February 2023.
" There were only 2 listings available and sold in Findlay Creek which is not a large enough representative sample size of listings to compare the average number of days to sell from January 2023 to February 2023.
' There were only 2 listings available and sold in Rockland which is not a large enough representatiive sample size of listings to compare the average number of days to sell from January 2023 to February 2023.
# There were only 3 listings available and sold in Stittsville which is not a large enough representatie sample size of listings to compare the average number of days to sell from January 2023 to February 2023.
