From the blog...
OTTAWA MARKET UPDATE FOR APRIL 2018
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Ottawa is now the hottest real estate market in Canada! Move over Toronto and Vancouver. The market strongly favours sellers in most neighbourhoods. It is a good time to be a seller! Inventory has been tight most of the year. This past week I have seen a glimpse of hope as we are starting to get some new listings in the suburban neighbourhoods. Hope this will help balance the market a little. It is a challenging for buyers right now (and buyer agents).
Let’s look at the numbers. The market statistics for April are in. Our average price for a residential-class property was up 4.2% over last April, sitting at $455,212. In the residential-class property segment, there were 1,616 units sold which is an increase of 9.5% over last April. In the condo market, 416 units sold…. which is an increase of 33.3% from last April. The condo prices in Ottawa increased by 0.3% with the average sale price at $269,294.
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Tags: Average Ottawa Home Prices, Buying in Ottawa, Ottawa Home Prices, Ottawa Housing Market, Ottawa Market Stats, Ottawa MLS Sales, Ottawa Real Estate, Ottawa Realtor, Selling in Ottawa