With homes taking an average of 69 days to sell, and over 6,500 homes for sale to choose from there is a good chance where every a buyer is looking there are several good choices and the balanced market is providing a few more days to think about it before putting in an offer.
The Best Half of Condo Sales are Missing by Dave Williams I’ve mentioned before that I have a theory on why condo prices in Ottawa seem to be dropping so […]
Ottawa Real Estate Statistics ~ March 2014 in Review *Revised Stats were released by OREB April 11th. As the snow melts O-Town real estate watchers hold their breath to see what the […]
More for Less, Reviewing September in Ottawa Real Estate by Dave Williams Here we are again, another month gone by in Ottawa and so Many More houses & condos are […]
This is a bit of a surprising drop, and probably a good indication of where the sales are going. Typically 22% of sales are in the condominium market (based on a 5 year average). Had that held true we probably would have seen closer to 1900 sales this month.
During the month of April 2013, members of the Ottawa Real Estate Board sold 1,573 residential properties,compared to 1,568 in April last year. An increase of 0.3% in the total number sold.
Aside from Moose invading our pools – this years big news in the suburbs was the real estate market.
Between government layoffs, hi-tech swings, and new mortgage rules we were all on the edge of our seats with antic-i-pation.
Here’s how it played out by area…