The Ottawa Real Estate Board has just released the stats for August 2019. As expected the number of transactions have increased and so has the prices.
If you are thinking of selling your home, this might be a great time to get it ready and make it available for everyone to see. The inventory of homes is still low and there are still many buyers out there looking for a new home. The kids are back in school and the routines are getting back into place, which means there will likely be more buyers searching.
Here is a quick rundown of August stats in Ottawa
- 1,731 transactions ( 9.5% increase)
- Average condo price $308,781 (11.5% increase)
- Average residential price $484,921 (11.8% increase)
Are you curious to see how your home compares to the average? Give us a call today and we will be happy to show you.
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