Ottawa Real Estate Market May 2017 Update
The Ottawa housing market is hot! Spring has arrived in Ottawa and agents are busy selling properties. Average property prices in May 2017 for Ottawa have risen to $436,625 a jump of 7.4 percent compared to May 2016.
May 2017 also had the highest recorded number of sales in a single month. May sales included a total of 444 condominium class properties and 1,856 in the residential class.
Sales volume continues to trend towards a seller's market in many neighbourhoods of the City.
High-end properties continue to gain lots of traction. Residential properties in the $750,000 + category continue to outperform sales from 2016. Sales in the million + range have more than doubled over last year.
If you are looking to purchase or sell a property in Ottawa in the coming months call Roch St-Georges with EXIT Realty Matrix to discuss your real estate needs 613-889-7732.