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.