Blog - Page 2 of 8 - Ritchie Twins

Ottawa’s Real Estate Market Thawed in January but Sales Still Slow

629 residential properties were sold in the month of January. This is a 16.5% increase compared to January 2023. “Ottawa’s market activity is seeing positive gains over last year but it’s still a relatively quiet market even by pre-pandemic standards,” says OREB President Curtis Fillier. “While REALTORS® are telling us there’s lots of showing activity […]

Ottawa’s Real Estate Market December Home Sales Close Out Year in Steady State

565 residential properties were sold in the month of December. This is a 7.6% increase compared to December 2022. “Ottawa’s resale market closed out the year in a steady, balanced state,” says OREB President Curtis Fillier. “This could be an early indication that consumer confidence is returning. We likely won’t see the full impact of […]

Ottawa Real Estate Market Stable in November Amid Growing Supply

724 residential properties were sold in the month of November. This is a 1.6% reduction compared to November 2022. “Sales are performing as expected with the arrival of colder months, and an uptick in new and active listings is bringing more choice back into the market,” says OREB President Ken Dekker. “While more choice may […]

Ottawa Real Estate Market October Home Sales Show Typical Lull

816 residential properties were sold in the month of October. This is a 2.7% reduction compared to October 2022. “Life is expensive these days, which likely has both buyers and sellers staying put,” says Ken Dekker, OREB President. “We’re seeing a slow decline in sales activity but it’s minimal and not unexpected for this time […]

Ottawa Real Estate Resale Market Stalls in August

1,196 residential properties were sold in the month of August compared to 1,130 sold in August 2022.That’s a increase of 6%. “Sales activity was up marginally on a year-over-year basis in August but remained well below the historical average for this time of year,” says Ken Dekker, OREB President. “There is no shortage of demand […]

Ottawa’s Real Estate Resale Market Stabilized July

1,263 residential properties were sold in the month of July compared to 1,102 sold in July 2022.That’s a increase of 15%. “July’s average prices are showing positive gains over last year, and year-to-date numbers, as expected, are still closing the gap from the peak pandemic market activity of early 2022. Additionally, inventory continues to climb […]

Ottawa’s Real Estate Market Eases Into Summer

1,658 residential properties were sold in the month of June compared to 1,493 sold in June 2022.That’s a increase of 11%. “Supply is trending in the right direction. The increase in inventory is encouraging and indicates sellers have confidence in the market. A growing resale housing stock will result in more selection for buyers and […]

Ottawa’s Real Estate Resale Market Heats Up As Summer Approaches

1,939 residential properties were sold in the month of May compared to 1,830 sold in May 2022.That’s a increase of 6%. “Typically the highest-selling month, May’s transactions did not disappoint,” says Ken Dekker, Ottawa Real Estate Board President. “This month we saw the first year-over-year unit sales volume increase since February 2022. It is a […]

Ottawa Real Estate Spring Market in Bloom for Sellers?

1,488 residential properties were sold in the month of April compared to 1,876 sold in April 2022.That’s a decrease of 21%. “Upward pressure on sales prices continues with average prices increasing for the fourth month since the market low in December. Additionally, multiple offer situations have returned to certain neighbourhoods and overall days on market […]

Ottawa Real Estate Market-Signs Pointing to a Spring Bloom?

1,194 residential properties were sold in the month of March compared to 2,003 sold in March 2022.That’s a decrease of 40%. “The recent rise in transactions is a sign of typical spring activity, even if we’re behind the pandemic peaks of 2022. As spring unfolds, so too will a clearer picture of Ottawa’s balanced market […]