Ottawa vs Washington, D.C. March 2009 (vs 2008)
• Prices are strong in both Ottawa and Washington, D.C., but Ottawa’s prices are trending up, while Washington’s prices are trending down. Price levels are significantly lower in Ottawa than Washington; however, it takes more than twice as long to sell a home in Washington than in Ottawa. Average prices in March 2009 were $302,131 in Ottawa, compared with $519,030 in Washington. Median prices in March 2009 were $277,250 in Ottawa, compared with $380,000 in Washington. Ottawa’s average and median prices increased 1% and 3% respectively, while Washington’s average and median prices declined 3% and 5% respectively.
