Ottawa real estate spring market is Heating up

How about that. April 2016 was the 2nd busiest April in the history of real estate in the Ottawa area.  An increase of 9.4% of sold listings compared to April 2015 . A total of 147 more residential properties were sold in April 2016 compared to April 2015

Driving the sales were homes between the price range of $300,000 to $400,000  followed by the $200,000 to $300,000 price range.  Residential sale prices were also slightly up wit a .2% increase while condominium prices were down 1.8%

The Barrhaven real estate market saw a drop of sales volumes by 11% while prices were up 4.8% in April 2016 compared to the same month a year before.  With March and Aprils sale values increasing, makes it a great time to sell your home. There is still a good amount of inventory for buyers to choose from and some great deals out there to be had.

 

 

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