May was another busy month for us here at Evans Team and we are loving it! No plans to slow down anytime soon! As always, please give us a call if you would like further information on buying and selling or if you would like an idea of what the market is like in your specific neighbourhood.
In May the average residential sale price was $464,401 up 6.3% from last May and the average condominium sale price was $281,247 up 3.4% over May 2017.
The number of houses sold was very slightly down from last May 2017 at 2279 units sold, 0.7% down.
While inventory is still low overall, the number of listings coming on is more typical of this time of year. We are thinking that a bit more balance is coming back to the Ottawa market.