Ottawa’s May 2022 Real Estate Market Stats Are In!

1,846 residential properties were sold in the month of April, compared to 2,285 sold in May 2021.That’s a decrease of 19%.
  
“Average prices, while still higher than 2021, are showing signs of adjusting to the pace of the market with a month-over-month decrease of 2% in both property classes. In April, we also saw a decline of 1-3%. In contrast, January to March experienced month-to-month increases ranging from 2% to 12%. This may be good news for Buyers, including the fact that the months of inventory have increased to 1.2 for residential and 1 month for condominiums” states Ottawa Real Estate Board President Penny Torontow.
 
Now is the BEST time to work with a Ottawa 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 May 2022 Ottawa Real Estate Market Numbers:
Chairman's Team Award

2023

Chairman's Team Award & Platinum Status

2022

Diamond Award Team

2021

Platinum Status

2020

2020 Chairmans Team

2020

2017-2019 Platinum Club

2017-2019

2016 top 100 Club Team

2016

2015 Executive Club Team

2015