The Ottawa market report is out! As expected, April sales and listings are up in the last month as we enter the spring market, these numbers are a lower relative increase when compared to historical selling activity (new listings and sales both down) as the market slowly ticks up in activity. Months of inventory is now at 3.7 for April, as the residential market gets closer and closer to parity for buyers and sellers (parity). It’s important to understand that certain neighborhoods and style of homes sell much more differently than others. Homes that are priced well, show well, can sell quickly (within a day) and even with multiple offers (including no conditions).
April Market Report.
