Ottawa Real Estate Snapshot June 2020: June Statistics are a Welcome Sign of Things Getting Back on Track in our Marketplace  


Market Snapshot:

A dramatic upswing in the number of sales this past month with sales within 2% of this time last year!  While it didn’t come as a surprise that unit sales were down 55% in April, and 44% in May, in dramatic contrast the June figures are a welcome sign of things getting back on track in our marketplace.  Prices continue to rise in both the condo & residential market and we are seeing increases in the double digits compared with last year, with less than one month’s supply currently available,  we are still in a strong Seller’s Market.

According to the Ottawa Real Estate Board’s latest statistics approximately 56% of properties sold over asking price and multiple offer situations are common.  If you’re considering a move we’re here to help answer any questions you have, in this market you’ll want a qualified, professional real estate company protecting your interests.

Message us anytime!  

 

Ottawa Real Estate Market Snapshot June 2020

 

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John Spagnoli

Sales Representative

 

Royal LePage Team Realty

484 Hazeldean Road,

Kanata, ON K2L 1V4

Office: 613-725-1171

Toll Free: 1-800-307-1545

homes@johnspagnoli.com


Royal LePage Team Realty

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