“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 more sales,” Ottawa Real Estate Board President Ken Dekker suggests.
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%.
Now is the BEST time to work with a realtor as we know the day-to-day variabilities Ottawa’s resale market is currently experiencing. Contact Ottawa’s Best Real Estate Agents Brooke & Jenna if you have any questions or for a free comprehensive comparative market analysis. We are always happy to help!
Source: Ottawa Real Estate Board, www.oreb.ca
Here is a breakdown of June 2023 Ottawa Real Estate Market Numbers: