Ottawa’s Housing Market Sees Moderate Increases, Signaling Confidence Between Buyers and Sellers

1,456 residential properties were sold in the month of April. This is a 8.9% increase compared to April 2023. 

“It’s a typical spring in Ottawa’s real estate market,” says OREB President Curtis Fillier. “What sets it apart from recent springs is a restored mutual confidence among both buyers and sellers. Buoyed by recent sales activity, sellers are more confident that they can move their property as evidenced by the uptick in listings. For buyers, the pressure of the pandemic market has eased and they’re comfortable taking the time to find the property that best suits their needs. The pace is still conservative while the economy is holding some back, but overall Ottawa’s market is strong and stable, and that’s a win-win.”

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 April 2024 Ottawa Real Estate Market Numbers:

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