Your Market Update - March 2023

Signs of Spring Surge Sprouting!

As evidenced by a recent climb in freehold prices in March from February 2023, Ottawa’s resale market is stabilizing along with the interest rates. As condos remain steady due to their lower price point, there is more affordability based on the current interest rate structure. This is something that buyers should definitely be aware of. As for sellers, it is important to know that well-priced and well-prepared homes are selling and with the average days on market decreasing from previous months, buyers are no longer sitting on the sidelines and are actively looking to make those purchases.

We as experienced Realtors® have up-to-the-minute statistics to ensure our sellers are positioning themselves at the current market value based on recent sales and hyper-local market comparisons. Contact us today to get a personalized local market comparison.

Contact us today to get a personalized local market comparison.

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