A strong Sellers Market continues throughout Ottawa in September. I would definitely prefer a balanced market where I could help both Buyers and Sellers with a positive real estate experience... but low interest rates and a high demand are contributing factors to a strong Sellers Market.
“The sheer volume of transactions in September, compared to a year ago, confirms the Ottawa resale market is continuing on its upward trajectory,” states Ottawa Real Estate Board President Deb Burgoyne. “The resale market in 2020, especially since the outset of the pandemic, has certainly not followed the usual spring and fall cycles we typically experience. This year has had its own distinct ebb and flow, and whether this momentum in our market will continue is difficult to predict.” “However, the continued increase in new listings and demand remaining strong allows us to be cautiously optimistic. September saw 2,165 residential properties and 744 condominiums enter the market. This is an increase of 32% and 45% respectively over last year at this time, and over 400 more new listings than came on the market in August,” adds Burgoyne.
Check out below how Kanata, Stittsville and Barrhaven markets performed in September!
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