From the blog...

Market Update for April

Posted on: May 5th, 2016 by Chris Scott

April turned out to be the best month for unit sales since 2010!  Members of the Ottawa Real Estate Board sold 1,714 residential properties in April through the Board’s Multiple Listing Service® system compared with 1,567 in April 2015, an increase of 9.4%.  The five-year average for April sales is 1,568.

Also in April, 3,644 homes were listed – up 13.8% since March but down 2.8% over April, 2015.  Inventory levels remain healthy heading into what is normally the most active month of the year.  April seemed extremely busy so if May is expected to be even busier, hold onto your hats!!

The average sale price of a residential class property sold in April in the Ottawa area was $403,603, an increase of 0.2% over April 2015.  The average sale price for a condominium class property was $261,017, a decrease of 1.8% over April 2015. The hottest segments of our market for April were sales in the $300,000 to $400,000 price range.  Residential 2-storey and bungalows had the highest concentration of buyers in April.

If you, or someone you know, is thinking of buying or selling, please give me a call.  I’m happy to help.


Leave a Reply