From the blog...
Sales stay consistently hot through May Heat Wave
The May weather was steamy and the May real estate market just as hot. The Ottawa resale market continued its steady pace upwards, continuing an above-average trend for the month of May.
Members of the Ottawa Real Estate Board sold 1,921 residential properties in May through the Board’s Multiple Listing Service® system, compared with similar sales of 1,926 in May 2015. The five-year average for May sales is 1,864. In May, 3,635 homes were listed. Ottawa is riding a strong and steady spring market.
The average sale price of a residential-class property sold in May in the Ottawa area was $406,063, an increase of 0.6 per cent over May 2015. The average sale price for a condominium-class property was $264,801, an increase of 1.5 per cent over May 2015. Residential two-storey and bungalow homes had the highest concentration of Buyers in May.
If you are thinking of buying or selling, or know of somebody who is, please give me a call. I am always happy to help. Don’t forget those referrals – they are so important to the success of my business and I appreciate every one of them.
Chris