February Stats!

By: James Blaskie

February Stats!

Tags: Ottawa, Real Estate, For Sale, Sold, Market

In February 2019, members of the Ottawa Real Estate Board sold 1,005 residential homes. Last year at the same time, only 978 homes were sold. This shows an increase of 2.8% year over year. It took an average of 63 days on market for properties to sell in February 2019, compared to 77 days on market last February. We have also seen homes sell in shorter time periods even within the last month (Janu...Read More

January Stats!

By: James Blaskie

January Stats!

Tags: Ottawa, House Prices, Real Estate, Market, Homes

The numbers are in! What a year 2018 was for RE/MAX Hallmark Agents across Ontario.  The graph says it all.  In 2017, Ottawa saw a shift in the market. It carried over into 2018 and again into 2019. We are currently sitting in a Seller's Market -- inventory is at a record breaking low. What does this mean? Lots of buyers and no homes to buy. When a property comes up, chances are it...Read More