The market is still going strong and was busy throughout May. Here are your monthly stats for your Ottawa Real Estate Market. We look forward to a busy June!
In the residential market 2300 units sold this May, up 15.1% from May 2016 with the average sale price being $436,625 up 7.4% from the sale price of last May.
In the condominium market 444 units sold this May, up a whopping 44.6% from May 2016 and the average sale price was $270,993 up 2.3% from last May.
The most active sale price point is in the range of $300,000 to $499,000 and homes selling over $1 million almost doubled those made in May of last year!
Signs point to this year’s market being a Seller’s Market. In general sales were up 19.9% over May 2016.
As always, if you have any questions at all please do not hesitate to contact either Carole or Barbara at 613-271-8120 or 613-592-6400 or Carole@EvansTeamOttawa.com