Ottawa Real Estate Market Update September 2021

October 6, 2021

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Market Summary:

September was a solid and strong month for both home and condo sales. Buyers showed up ready to purchase and I saw more bidding wars than in July and August.

Detached home prices climbed by $22,000, townhomes were up $13,000 and condos climbed $18,000 from a month ago.

I am expecting market activity to stay strong in October and then start the normal leveling off as we head into November and December.

Key Insights for Buyers:

There is plenty of inventory on the market. Buyers will have lots of option in October and it is a great time to buy as competition starts to level off for the year.

Key Insights for Sellers:

Sellers can expect their home or condo to sell in 1-4 weeks. Selling prices were strong and slightly up on a month to month comparison (August 2021 to September 2021)

I am always happy to answer any questions you may have.

Kiril Peev

Direct: 613.263.7883 / Email: kiril@sutton.com / www.kirilpeev.ca

Sales Representative / Sutton Group – Ottawa Realty / Brokerage, Independently Owned and Operated

Hintonburg – Orleans – Kanata

Referrals are always welcome and greatly appreciated. Thank you!