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 […]
Read moreOttawa’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 […]
Read moreOttawa’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 […]
Read moreOttawa 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 […]
Read moreOttawa 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 […]
Read moreOttawa’s Real Estate Resale Market Stabilizes in February!
855 residential properties were sold in the month of February compared to 1,411 sold in February 2022.That’s a decrease of 39%. “We’re going to see declines in transactions and prices when we compare current figures to last February — the height of the pandemic resale market activity,” says Ottawa Real Estate Board’s President Ken Dekker. […]
Read moreOttawa Real Estate Market Off To a Slow January?
606 residential properties were sold in the month of January compared to 933 sold in January 2022.That’s a decrease of 35%. “Ottawa’s inventory and days on market figures are typical for a balanced market and another sign that buyers are no longer racing to put in an offer,” says Ken Dekker, President. “The increase in […]
Read moreOttawa’s Real Estate Market Stats for a Quiet December 2022
601 residential properties were sold in the month of November, compared to 857 sold in December 2021.That’s a decrease of 30%. “Even with the normal seasonal slowdown, December’s performance was in stark contrast to the very active resale market that opened 2022,” says Ken Dekker, OREB’s newly installed 2023 President. “As interest rates and inflation […]
Read moreOttawa’s November Real Estate Market Re-Sale Stats are LOW!
846 residential properties were sold in the month of November, compared to 1,456 sold in November 2021.That’s a decrease of 42%. “November’s sales were expectedly low given the typical slowdown this time of year but they also reflect today’s economic conditions,” says Penny Torontow, OREB’s 2022 President. “This is not isolated to our local market. Globally, […]
Read moreOttawa’s Real Estate Resale Market Continues to Adjust
987 residential properties were sold in the month of October, compared to 1,670 sold in October 2021.That’s a decrease of 41%. “After the volatility of the past two pandemic years, which was unsustainable, the market is correcting and adjusting,” says Penny Torontow, Ottawa Real Estate Board President. “The slowdown is compounded by Bank of Canada […]
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