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Market Stats are out!  Spring market, coming into affect with the rise in new and active listings - active listings are the highest they've been in 5 years!  Buyers are starting to come out, with days on market dropping down to 16 median days, but perhaps not as active as they've been in the past few years as they grabble with the high interest rate environment.  Many sellers are also on the sidelines with months of everything still low at 2.2.
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A big sigh of relief to my sellers and their young family!  Less stress, and more time to spend with the kids

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February numbers are out, the market is picking up with increases in both the number of sold and active listings.  Days on market dropped in half versus January, and months of inventory not sitting at 2.4.
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January Market Stats are out.  Prices and the number of sales have crept up incrementally compared to January 2023 and December 2023.  Buyers have started to come out of the woodwork, gradually shopping for homes and trying to get ahead of the spring marke

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December market was more active than last year, indicating that the window to buy coming off 2023 lows is shrinking.  Shrewd buyers looking for deals in advance of the Spring market are taking advantage of the slow, seasonal time of year.  

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December is a fantastic month to be out buying - fewer buyers mean less competition (buy when no one else is buying and sell when no one else is selling), and prices are typically at the low point in the year.  This was an amazing purchase - exceptional value on a large lot backing onto a park.  My buyers are thrilled!Smile  
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November Commentary: Typical seasonal slowness heading into the slowest month of the year.  Sales year-to-date are at at a ten year low, inventory has creeped up creating a buying opportunity in December.  


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The October Market is seeing a slowdown in sales, with overall months of inventory creeping up.  And certain properties are taking much longer to sell.
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Categories:   Ottawa Real Estate
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