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Ottawa Real Estate

Ottawa Housing Market Steady

Great news from our local housing market! Experts are saying that resale housing sales have been holding steady, which means the market is becoming increasingly stable and robust here in Ottawa!  The Ottawa Real Estate Board reported that 589 residential homes were sold during the month, which was down only slightly from the 594 that sold in January 2013.

The board added that this is particularly encouraging given that the area recently experienced bitterly cold weather that would normally keep buyers inside instead of navigating the markets.

More Ottawa Home News

The real estate board also reported that 126 condominiums were sold during the month of January and that a total of 463 residential houses sold during the month. This is up slightly from the 458 homes that sold in January last year.

The average sale price of residential properties (which includes condominiums) sold in January in Ottawa was $346,744, which is an increase of one per cent over January 2013.

Because of this recent activity, experts are now forecasting that the local housing market will experience great strength throughout the first half of this year! And housing is expected to continue to stabilize!

Your Ottawa Real Estate Experts!

If you’re interested in purchasing a home yourself here on the Ottawa real estate market, make sure to contact me, Bobbie McGowan, your dedicated local REALTOR®

I would love to assist you by telling you about available home listings as well as answering any questions you may have about the market.

Have a great day!