The February 2023 Ottawa Real Estate Board Stats are out! Market Snapshot: The average days on market for a listing has decreased as the market continues to stabilize. A decrease in average sale price from February of 2022 which was the peak of the pandemic market however we did see a month over month increase […]
The January 2023 Ottawa Real Estate Board Stats are out! Market Snapshot: New year, new market as we see a slowdown in the number of sales for January and a decrease in the average sale price over January of 2022. We did however see an increase of 3% in the average sale price of a […]
The December 2022 Ottawa Real Estate Board Stats are out! Market Snapshot: As interest rates and inflation increase, buyers are retreating to the sidelines, taking a wait, and see approach. The seasonal slowdown for December’s resale market is in stark contrast to the active resale market that started the year off which has officially balanced […]
The November 2022 Ottawa Real Estate Board Stats are out! Market Snapshot: Ottawa sales continued to slow in November, a reflection of what’s happening across the country. The post-pandemic economy as well as a natural cooling for the time of year have officially balanced the market. If you’re considering a move we’re here to help […]
The October 2022 Ottawa Real Estate Board Stats are out! Market Snapshot: With a big decrease in the number of units sold for October buyers now have more selection and time to shop. However, the interest rate increases may have affected some purchasing power. Whether you’re buying or selling keeping a long-term perspective is important. […]
The September 2022 Ottawa Real Estate Board Stats are out! Market Snapshot: As interest rates climb buyers in Ottawa are taking a step back while keeping a close watch on price trends. An increase in listings compared to last month and this time last year means more options for those who continue their hunt for […]
The August 2022 Ottawa Real Estate Board Stats are out! Market Snapshot: Sales slowed down in August which is traditional for the month as most are enjoying summer vacations. Days on market increased as did prices (in comparison to August 2021) but at a more moderate rate than earlier in the year. If you’re considering […]
The July 2022 Ottawa Real Estate Board Stats are out! Market Snapshot: The number of sales dropped in July and momentum continues for new listing inventory showing signs that a balanced market could be coming. The average sale price continues to climb however at a much lower, single-digit rate. If you’re considering a move we’re […]
The June 2022 Ottawa Real Estate Board Stats are out! Market Snapshot: With more modest price increases in the resale market we saw a more traditional seasonal cycle for June. An increase of inventory allowed for more selection and less pressure on buyers. If you’re considering a move we’re here to help answer any questions […]
The May 2022 Ottawa Real Estate Board Stats are out! Market Snapshot: Traditionally a high performing month, May’s resale market has shifted its pace in comparison to 2021. The aftermath of the recent derecho storm stirred up both Ottawa’s landscape and listing inventory. If you’re considering a move we’re here to help answer any […]