///March 2018 Market Update

March 2018 Market Update

It may not feel like spring is here…but it is! And the real estate market is proof. We are continuing into the season with a strong seller’s market but we are beginning to see more inventory come on the market as well.

Well priced properties are selling quickly and 46% of the properties sold in March were in the $300,000 to $449,999 range. However the $500,000 to $750,000 price point is showing lots of growth as well….21% of the market sales to be exact. Condos are representing stable pricing in the marketplace. All in all…Ottawa’s real estate market is a very healthy one.

Over the month of March, 1,660 homes were sold which is up 12.3% over March 2017. The average residential sale price is currently $447,561 and the average condo price is $275,592 up 8% and 0.7% respectively over last March.

As always, if you have any questions at all please just give us a call or send us a quick email. 613-592-6400 or 613-271-8120. Carole@EvansTeamOttawa.com


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