According to OREB’s Market Update for May, 2023, sales increased for the first time since February, 2022.
- Average YTD sale prices are $727,728 for freeholds and $428,394 for condos; a decrease of 7% and 6% from 2022, but on par with April, 2023 prices.
- While May’s new listings were 9% lower than a year ago, but up 32% from April, 2023.
- We are in a strong sellers market.
- Questions about selling your home or finding one? Book time for a 15-Minute Call with Zena Taller
If it matters to you, it matters to Zena!
To read more, visit OREB
According to OREB’s Market Update for April 2023, “Ottawa’s resale market is on a steady upward trajectory, narrowing the comparison gap to peak pandemic activity in 2022.” Average prices have increased by 13.9% in four months since the market low in December 2022. If you want to learn more, get in touch with me!