Ottawa Real Estate Snapshot June 2020: June Statistics are a Welcome Sign of Things Getting Back on Track in our Marketplace 


Market Snapshot:

A dramatic upswing in the number of sales this past month with sales within 2% of this time last year!  While it didn’t come as a surprise that unit sales were down 55% in April, and 44% in May, in dramatic contrast the June figures are a welcome sign of things getting back on track in our marketplace.  Prices continue to rise in both the condo & residential market and we are seeing increases in the double digits compared with last year, with less than one month’s supply currently available,  we are still in a strong Seller’s Market.

According to the Ottawa Real Estate Board’s latest statistics approximately 56% of properties sold over asking price and multiple offer situations are common.  If you’re considering a move we’re here to help answer any questions you have, in this market you’ll want a qualified, professional real estate company protecting your interests.

Message us anytime!  

 

Ottawa Real Estate Market Snapshot June 2020

 

Market Reports Request

We have detailed statistics and market reports available in all areas in and around Ottawa.

Market Report Request


Glenda Brindle

BROKER

Direct: (613) 859-4062

Royal LePage Team Realty

Independently Owned and Operated, Brokerage

12B-6081 Hazeldean Road

Ottawa, Ontario, K2S 1B9

The trade marks displayed on this site, including CREA®, MLS®, Multiple Listing Service®, and the associated logos and design marks are owned by the Canadian Real Estate Association. REALTOR® is a trade mark of REALTOR® Canada Inc., a corporation owned by Canadian Real Estate Association and the National Association of REALTORS®. Other trade marks may be owned by real estate boards and other third parties. Nothing contained on this site gives any user the right or license to use any trade mark displayed on this site without the express permission of the owner. 

powered by WEBKITS