Archives for Real estate statistics
The following are highlights from the Ottawa Real Estate Board’s latest News Release read the full story Members of the Ottawa Real Estate Board sold 2,279 residential properties in May through the Board’s Multiple Listing Service® System, compared with 2,294 in May 2017, a decrease of 0.7 per cent. The five-year average for May sales is 2,041. May’s sales included 485 in the condominium property class and 1,794 in the residential property class. “Although our overall inventory stock is down in both the residential and condo market, the number of listings coming onto the market this month is typical spring activity,”
The Spring market continues to buzz in Ottawa real estate, with the number of sales up over 13% in April in spite of inventory levels being down 23% over this time last year. Home buyers are seeing more competition, which is good news for sellers. Certainly we are seeing more multiple offers and higher sale prices, however, with prices still reasonable compared to income in Ottawa real estate these factors aren’t stopping buyers. Hot Real Estate Market in an Icy April May 3, 2018 Highlights from the Ottawa Real Estate Board “Full employment and reasonable house prices in proportion to
Continued demand and shortage of listings intensifies pressure on Ottawa home prices. The aggregate price of a home in Ottawa saw a healthy increase in the first quarter of 2018, rising 4.7 per cent year-over-year to $437,243, according to the Royal LePage House Price Survey released April 13th. Click here for more information on the Ottawa Real Estate Market.