Ottawa Real Estate: Relationship Between Inventory and Sales Prices
As months of inventory increases and buyers have more choice, sales prices have been correcting downward.
The main driving force behind the scenes has been the increase in mortgage rates from a low of 1.6% to the current 5%+ on a fixed 5 year mortgage term.
If you are looking to buy or sell in the Ottawa area, I am always happy to answer any questions you may have.
Kiril Peev
Tel: 613-263-7883
Email: kiril@sutton.com / www.kirilpeev.ca
Sales Representative / Sutton Group – Ottawa Realty / Brokerage, Independently Owned and Operated
Hintonburg – Orleans – Kanata
Google Business Reviews ⭐⭐⭐⭐⭐
Referrals are always welcome and greatly appreciated. Thank you!
Ottawa Real Estate Sold Prices:
For those interested in recent sold prices, Ottawa real estate sold prices are available via my site https://ottawarealestatesoldprices.ca. Please note, you will need to register and sign-in in order to access sold data.
