Market Summary May 2023: Prices were flat on a month to month basis. There was an increase in the number of properties sold both on a yearly basis and on a month to month basis. Detached home prices lost 6.6% from a year ago. They were down about $3,000 on ...
Continue ReadingMarket Summary April 2023: April 2023 was a great month for real estate prices and activity in Ottawa. Detached home prices lost 9.3% from a year ago. They were up about $50,000 on a month-to-month basis. Townhome prices lost 11.9% compared to a year ago and gained about $10,000 on ...
Continue ReadingMarket Summary March 2023: As expected for this time of year sales activity picked up in March. Months of inventory is around 2, which is historically very low. Detached home prices lost 18.2% from a year ago. They were down about $13,000 on a month-to-month basis. Townhome prices lost 16.1% ...
Continue ReadingMarket Summary February 2023: As expected, home prices were negative on a year to year basis. On a month to month basis, prices seem to be stabilizing. Detached homes posted a $54K gain while townhomes were down about $16K. Detached home prices lost 15.6% from a year ago. They were ...
Continue ReadingMarket Summary January 2023: After 10 months of weaker prices, the Ottawa real estate market had a relatively strong start to 2023. I would need to see a few more months of stable prices and increasing transaction volume to confirm that prices have stabilized. Detached home prices lost 12.6% from ...
Continue ReadingMarket Summary December 2022: Detached home prices lost 6.1% from a year ago. They were down about $26,000 on a month to month basis. Townhomes lost 8.2% compared to a year ago and lost about $1,000 on a month to month basis. Condos gained 9% compared to a year ago ...
Continue ReadingMarket Summary: The Ottawa real estate market had a relatively good September. Prices were mostly flat on a month to month basis which is good news given the steep declines over the last few months. There was stronger buyer demand. Detached homes gained 0.9% from a year ago. They were ...
Continue ReadingMarket Summary: Prices were slightly lower on a month to month basis in Ottawa for August 2022. Given the significant month to month declines over the last few months this is relative good news for sellers. Detached homes gained 3.5% from a year ago. They were down about $15,000 on ...
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