Ottawa Real Estate Snapshot June 2020

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!