Ottawa’s Resale Market: The Latest numbers
September 12, 2023Here are key results in the Ottawa area for the month of August, 2023, from the Ottawa Real Estate Board: Number of properties sold in August: 1,196. That's up 6% from August of 2022, but it's below the five-year average for August sales in Ottawa, which is 1,525. Average sale price, condominium-class...
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Ottawa Resale Market: July 2023
August 7, 2023Ottawa’s resale home and condo market continued to favour sellers in July, with average sale prices and total transactions up from the same month last year, the Ottawa Real Estate Board has reported. And while homes and condos took a few days longer to sell than they did in July of...
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Ottawa Market Update
July 6, 2023Ottawa’s resale housing market in June saw total sales up over last year and an encouraging increase in the number of properties for sale, the Ottawa Real Estate Board reports. But total inventory remains low. That means the market is continuing to favour sellers. On average, properties in June sold in...
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Ottawa~“Strong Seller’s Market” in May
June 6, 2023Ottawa’s resale housing market continued to favour sellers in May, with declining inventory leading to faster sales and multiple offers for properties in the most popular neighbourhoods, the Ottawa Real Estate Board reports. In May, condo units in Ottawa sold in an average of 26 days, down from 33 in April....
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Retired & Planning to Downsize? I can Help
May 31, 2023As a Realtor who has helped buyers and sellers in Ottawa for more than 30 years, I always enjoy hearing from clients as their housing needs change, in some cases many years after I first assisted them. In recent years I have been hearing from clients who have reached retirement...
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MONTHS OF INVENTORY
May 29, 2023What does “months of inventory” mean for buyers and sellers? If you are planning to buy or sell a house or condo in Ottawa, there’s a key number worth noting, because it has a big impact on your experience. When the Ottawa Real Estate Board releases sales results and average prices each...
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Buying a resale house or Condo? What to Know about Ottawa’s Spring Market
May 8, 2023Planning to purchase a house or condo unit in Ottawa in coming months? Congratulations! Here are a few things to know about what to expect, based on the sales numbers for April from the Ottawa Real Estate Board: Prices are Lower than a Year Ago, but Starting to Rise After the Bank...
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APRIL MARKET REPORT
May 5, 2023Ottawa Resale Market Favoring Sellers Again After a few months of balanced conditions, Ottawa’s resale real estate market is favoring sellers again because of lower than usual inventory on the market. There is other good news for sellers in the Ottawa Real Estate Board’s report on sales in Ottawa for April. Multiple-offer situations...
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MARCH MARKET REPORT
April 6, 2023Ottawa’s resale residential real estate market in March continued to see the impact of higher interest rates, with fewer total sales than a year ago and lower average sale prices, the Ottawa Real Estate Board has reported. But on a positive note we begin the busy spring market, with average sale...
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Ottawa Market Update: February
March 6, 2023Ottawa’s resale residential market in February continued to see the impact of higher interest rates, but there’s also good news for sellers and buyers. Compared to a year ago, when inventory was low and the sellers’ market was at its peak, average sale prices in February were down. The total number...
