The May 2023 Ottawa Real Estate Board Stats are out! Market Snapshot: Temperatures were on the rise last week and we saw the resale housing market mimic the rise in May as the number of properties sold were up 6% over those of May 2022. With inventory at a low and sale prices up from […]
The September 2022 Ottawa Real Estate Board Stats are out! Market Snapshot: As interest rates climb buyers in Ottawa are taking a step back while keeping a close watch on price trends. An increase in listings compared to last month and this time last year means more options for those who continue their hunt for […]
The August 2022 Ottawa Real Estate Board Stats are out! Market Snapshot: Sales slowed down in August which is traditional for the month as most are enjoying summer vacations. Days on market increased as did prices (in comparison to August 2021) but at a more moderate rate than earlier in the year. If you’re considering […]
The July 2022 Ottawa Real Estate Board Stats are out! Market Snapshot: The number of sales dropped in July and momentum continues for new listing inventory showing signs that a balanced market could be coming. The average sale price continues to climb however at a much lower, single-digit rate. If you’re considering a move we’re […]
The February 2023 Ottawa Real Estate Board Stats are out! Market Snapshot: The average days on market for a listing has decreased as the market continues to stabilize. A decrease in average sale price from February of 2022 which was the peak of the pandemic market however we did see a month over month increase […]
The March 2023 Ottawa Real Estate Board Stats are out! Market Snapshot: The number of property sales may be down 40% from those in March of 2022 however, they’ve increased by 40% over last month (February 2023) showing signs that the spring market is sprouting in Ottawa. If you’re preparing to list your property for […]
The April 2023 Ottawa Real Estate Board Stats are out! Market Snapshot: It MAY not feel like spring with the current cool temperatures but the real estate stats for April are a sure sign that spring is in the air! Three signs we’re in a seller’s market: inventory is down to less than two months […]
The January 2023 Ottawa Real Estate Board Stats are out! Market Snapshot: New year, new market as we see a slowdown in the number of sales for January and a decrease in the average sale price over January of 2022. We did however see an increase of 3% in the average sale price of a […]
The December 2022 Ottawa Real Estate Board Stats are out! Market Snapshot: As interest rates and inflation increase, buyers are retreating to the sidelines, taking a wait, and see approach. The seasonal slowdown for December’s resale market is in stark contrast to the active resale market that started the year off which has officially balanced […]
The November 2022 Ottawa Real Estate Board Stats are out! Market Snapshot: Ottawa sales continued to slow in November, a reflection of what’s happening across the country. The post-pandemic economy as well as a natural cooling for the time of year have officially balanced the market. If you’re considering a move we’re here to help […]