Kris Sherry's Blog

Archive for the ‘Ottawa Market Update’ Category

Ottawa Market Update, March 2019

Posted on: April 5th, 2019 by Kris Sherry

Spring is coming, but where are all the houses for sale?  Members of the Ottawa Real Estate Board sold 1,511 residential properties in March through the Board’s Multiple Listing Service® System, compared with 1,654 in March 2018, a decrease of 8.6 per cent. March’s sales included 1,136 in the residential property class, a drop of 12.4 […]

Ottawa Market Update, February 2019

Posted on: March 7th, 2019 by Kris Sherry

Members of the Ottawa Real Estate Board sold 1,005 residential properties in February through the Board’s Multiple Listing Service® System, compared with 978 in February 2018, an increase of 2.8 per cent. The five-year average for February sales is 949. February has been a strong month in spite of inventory challenges, and with year-to-date unit […]

Ottawa Market Update, January 2019

Posted on: February 7th, 2019 by Kris Sherry

We broke records for snowfall during the month of January and we also broke records for home sales.  January is usually a slow month but, in spite of the record cold and snowfall, members of the Ottawa Real Estate Board sold 820 residential properties in January through the Board’s Multiple Listing Service®, compared with 708 […]

Ottawa Market Update December 2018

Posted on: January 7th, 2019 by Kris Sherry

Members of the Ottawa Real Estate Board sold 663 residential properties in December through the Board’s Multiple Listing Service® System, compared with 765 in December 2017, a decrease of 13.3%. YTD activity increased by 2.4% from 2017. The total number of residential and condo units sold throughout all of 2018 was 17,476, vs 17,065 in […]

Ottawa Market Update, November 2018

Posted on: December 6th, 2018 by Kris Sherry

Members of the Ottawa Real Estate Board sold 1,165 residential properties in November through the Board’s Multiple Listing Service® System, compared with 1,232 in November 2017, a decrease of 5.4%. The five-year average for November sales is 1,055. The Ottawa Market problem is still one of supply.  Our numbers would be much higher if there […]

Ottawa Market Update, October 2018

Posted on: November 5th, 2018 by Kris Sherry

Members of the Ottawa Real Estate Board sold 1,383 residential properties in October through the Board’s Multiple Listing Service® System, compared with 1,237 in October 2017, an increase of 11.8%. The five-year average for October sales is 1,223.  Year-to-date average Days on Market (DOMs) are down 14% from 45 to 39 days for residential homes […]

Ottawa Market Update, September 2018

Posted on: October 5th, 2018 by Kris Sherry

Inventory issues on the supply side continue into the fall market.  Members of the Ottawa Real Estate Board sold 1,393 residential properties in September through the Board’s Multiple Listing Service® System, compared with 1,383 in September 2017, an increase of only 0.7 per cent. The five-year average for September sales is 1,303. Condos continue to represent […]

Ottawa Market Update, August 2018

Posted on: September 7th, 2018 by Kris Sherry

Our real estate market has had a busy summer and things are shaping up for a busy fall period as well. I guess “busy” is the operative word for the foreseeable future. Members of the Ottawa Real Estate Board sold 1,586 residential properties in August through the Board’s Multiple Listing Service® System, compared with 1,535 […]

Ottawa Market Update, July 2018

Posted on: August 4th, 2018 by Kris Sherry

Members of the Ottawa Real Estate Board sold 1,614 residential properties in July through the Board’s Multiple Listing Service® System, compared with 1,524 in July 2017, an increase of 5.9 per cent. The five-year average for July sales is 1,501. Ottawa’s condo market continues to positively impact overall residential sales trends with year-to-date condo unit […]

Ottawa Market Update, June 2018

Posted on: July 5th, 2018 by Kris Sherry

Members of the Ottawa Real Estate Board sold 2,070 residential properties in June through the Board’s Multiple Listing Service® System, compared with 2,163 in June 2017, a decrease of 4.3 per cent. The five-year average for June sales is 1,914. Condo unit sales have led the way – likely due to lack of inventory in […]

From Kris' Blog

Modest Gains Across Ottawa’s MLS® Market a Sign of Shared Confidence

The number of homes sold through the MLS® System of the Ottawa Real Estate Board (OREB) totaled 1,456 units in April 2024. This was an increase of 8.9% from April 2023. Home sales were 2% below the five-year average and 6.9% below the 10-year average for the month of April. On a year-to-date basis, home ...

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