Should I Sell a Home in the Winter?

Looking to sell your Ottawa home or condo this winter? Here are 3 reasons to sell this winter or during the Holidays season.

Low Inventory

This year has been a difficult year for buyers in Ottawa. Low inventory in the $500,000 and under price range in many neighbourhoods has forced buyers to reconsider buying a home as the competition was fierce with many homes selling in a multiple offer situation.

Many neighbourhoods still have low inventory compared to the same period last year. Lots of buyers may be looking to purchase in your neighbourhood. We can sit down and look at the average days on market for your area and property type as well as the current inventory level in your neighbourhood.

Quick Sales

Low inventory can often translate into a seller's market. Many homes are selling in multiple offer situations. The average days on market for residential properties has gone from 49 in November of 2017 to 44 days on market in November of 2018. The average days on market for condos in Ottawa has also been reduced from 59 days on market last year to 51 days on market in November of 2018.

Great Outlook for Ottawa

With an average sale price that sits below the national average as well as low unemployment rates, Ottawa real estate is attractive to many looking to relocate their family. New projects across the City are helping with this growth including purchase opportunities near the long-awaited Ottawa LRT.

Thinking of buying or selling in Ottawa in the coming weeks or months? Let's chat about your real estate needs. Call me at 613-889-7732 to discuss.