From the blog...
OTTAWA MARKET UPDATE: SEPTEMBER 2023
Over the past month, we’ve witnessed a shift in the real estate market. Remarkably, after years of being in a seller’s market, we’re now in a balanced one, marked by a three-month inventory supply. Sellers are experiencing longer selling times. I recently met with a group of prominent real estate agents, and there was unanimous agreement that the market has slowed in the past 2 weeks. As the market normalizes and we see an influx of listings, it’s essential for sellers to adjust expectations and price according to current market conditions. Nevertheless, I am optimistic for a busy spring market, provided interest rates remain stable. If you have questions about what’s happening in your neighbourhood, please don’t hesitate to get in touch. My team and I would love to have a chat with you.
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