Ottawa Real Estate Market Update May, 2024 Welcome to iDeal Properties Realty Ottawa monthly report. Your Real Estate Resource for the FAMILIES of National Capital.
The number of sold properties in Ottawa in April 2024, 1,456 an increase of 8.9% from April 2023.
The average sale price for residential-class property was $705,117 an increase of 1.2% from April 2023. The average sale price for single-family homes was $856,521 an increase of 0.6% from April 2023.
The average sale price for townhouse/row was $553,740 a decrease of -0.6% from April 2023. The average sale price for apartment was $444,694 a decrease of -1.5% from April 2023.
While most of Ottawa’s market is in balanced territory, townhomes have shifted to the seller’s market side as supply shrinks. Single-family homes are the most active market, which is inflating the average sale price. The next few months will be both telling and interesting as people continue to redefine their post-pandemic normal amid an upcoming federal election and back-to-work mandate for government workers.
If you are interested to know about sold prices or any information about any properties, Please contact us.
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