55 Sales a Day for the Month of May; a Prediction for Ottawa’s Real Estate Market

Taking a look at the first four months of 2013, we are at about 92% of 2012 sales in the same time period, 4256 sales this year vs. 4646 in 2012. It looks grim, but this was fully expected with CMHC forecasting a drop back in November followed by a correction through the remainder of the year. So my prediction is a slight overall drop landing us at 97.2% of last years sales, or about 13900 by the end of the year.

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