May was another busy month for Ottawa real estate. Some say that the market will become a bit more balanced next year but nothing is certain. We feel that if you have a place to sell and are considering selling, now is the time so please contact us to
discuss at 613-271-8120.
The number of homes sold this May was up 4.6% over last year as were the number of condos up a huge 14.2% over May 2018. The average residential sale price in May was $493,691 up 6.4% in the last year while the average condo sal e price was $297,731 up 5.8% over last year.
42% of the homes sold in Ottawa in May were in the $350,000 to $499,999 price range with 28$ being between $500,000 and $750,000.
Let us know if you have any specific questions about your home and your neighbourhood. We would love to have a chat!