Ottawa Real Estate Going Down (Inventory)

Low inventory levels and mortgage rules changes has made the Ottawa Real Estate market really hot. Looking at inventory levels the Ottawa Real Estate Market home availability has been going down to the point where many buyers are finding themselves in multiple offer scenarios.

The average sell price of a residential class property sold in February 2018 in the Ottawa area was $429,600 an increase of 2.7% over February 2017. Condos on the other hand saw a bigger jump at 5.6% with the average price of a condominium now at $273,174.

If you are looking to buy or sell real estate in Ottawa trust the expertise of real estate broker with EXIT Realty Matrix, Roch St-Georges. Call 613-889-7732 to discuss your real estate needs.

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