Here are the November 2023 numbers: Total number of units sold: 724 – down 1.6% November 2022. Five-year average unit sales for November: down 31.8%. Average sale price of homes sold: $633,138 – down 0.8% in November 2022. “Sales are performing as expected with the arrival of colder months, and an uptick in new and […]
Here are the October 2023 numbers: “Life is expensive these days, which likely has both buyers and sellers staying put,” says Ken Dekker, OREB President. “We’re seeing a slow decline in sales activity but it’s minimal and not unexpected for this time of year. Prices are adjusting and coming down, which is also indicative of […]
Here are the September 2023 numbers: “Sales activity came in right on par with where it stood at the same time last year but was still running well below typical levels for a September,” said Ken Dekker, OREB President. “New listings have surged in the past several months, which has caused overall inventories to begin […]
Here are the August 2023 numbers: “Sales activity was up marginally on a year-over-year basis in August but remained well below the historical average for this time of year,” says Ken Dekker, OREB President. “There is no shortage of demand given increased immigration and the large Canadian population cohort entering the market. The lack of […]
Here are the July 2023 numbers: “Both transactions and average prices are up from last July, indicating consumers remain confident in the market notwithstanding the two recent quarter-percent interest rate hikes by the Bank of Canada. We’re only a month into the third quarter, but based on July’s positive indicators, we are likely to see […]
Here are the June 2023 numbers: “Although June’s transactions surpassed last year’s, the number of sales, average prices, and new listings declined on a week-to-week basis over the course of the month. Compounded by the typical summer decline in activity, the Bank of Canada’s interest rate adjustment at the beginning of the month may have […]
Ottawa’s real estate market experienced a significant upturn as home sales surged for the first time in over a year, marking a notable rebound from the downturn that began in February 2022. Find out why! Here are the May 2023 numbers: “Typically the highest-selling month, May’s transactions did not disappoint,” says Ken Dekker, Ottawa Real […]
When the numbers came out as expected, we knew they were going to be down. When you compare April this year compared to April last year – April last year was insane. We knew the numbers were going to be down. The good news is, though, I do have a silver lining and some good […]
Here are the March 2023 numbers: “The recent rise in transactions is a sign of typical spring activity, even if we’re behind the pandemic peaks of 2022. As spring unfolds, so too will a clearer picture of Ottawa’s balanced market state,” says Ottawa Real Estate Board President Ken Dekker. Here are the specifics for each […]
Here are the February 2023 numbers: Total number of units sold: 855 – down 39% from 1,411 in February 2022. Five-year average unit sales for February: 1,157. “We’re going to see declines in transactions and prices when we compare current figures to last February — the height of the pandemic resale market activity,” says Ottawa […]