Ottawa Real Estate Market Update Oct, 2022
Prices are stabilizing with slight month-to-month movement.
This trend continues to bring the resale market into more balance, which generally means more time for Buyers and Sellers to weigh their options and to adjust according to their needs.
September’s lower sales performance reflects continued hesitancy among Buyers as they watch interest rates rise and consider the speculation surrounding price trends.
If you are interested to know about sold prices or any information about any properties please contact us.iDeal Properties Realty
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| September 2022 | September 2021 | # of Sale | # of Sale +/- | |
|---|---|---|---|---|
| Residential | $706,658 (+0.5%) | $703,142 | 816 | -34% |
| Condominium | $450,987(+6%) | $425,459 | 264 | -27% |
| Total Sale | 1,080 | -33% |
Prices are stabilizing with slight month-to-month movement.
This trend continues to bring the resale market into more balance, which generally means more time for Buyers and Sellers to weigh their options and to adjust according to their needs.
September’s lower sales performance reflects continued hesitancy among Buyers as they watch interest rates rise and consider the speculation surrounding price trends.
If you are interested to know about sold prices or any information about any properties please contact us.
iDeal Properties Realty
1730 St. Laurent Blvd. Suite # 800
Ottawa, Ontario, K1G 5L1
613-366-1713
www.iDealPropertiesRealty.com
Email to: info@iDealPropertiesRealty.com
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