The Ottawa resale market remains steady and strong in May

The May stats are out; here are the 3 key details to keep in mind:

1. The Ottawa housing market continued its strong performance in May, making it the best May for unit sales on record since 2009.

2. The hottest segments of the market for May were sales between $300,000 to $400,000, followed by the $200,000 to $300,000 range and then the $400,000 to $500,000 range.

3. The average cumulative days on market remains consistent at 72 days, compared to 74 last month. Properties are moving consistently and inventory remains plentiful; labelling the Ottawa market as a Buyers’ market and allowing for average sale prices to remain very stable.

Source: Ottawa Real Estate Board


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