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Ottawa Real Estate Market Recap - January 2023

Ottawa Market Data, The Numbers Price Residential Prices ⬇️ 12% from last year Average Price: $676,272 Condominium Prices ⬇️8 % from last year Average Price: $412,244 Supply Total Inventory - ⬆️ January 2023, we had 3578 properties available for sale January 2022, we only had 1948 properties. To be fair, this was really low…in Comparison, in Jan 2019, we had 4061 properties available for sale Demand Total # of Sales - ⬇️ 606 sales for the month of January. The latest interest rate hike might have scared some buyers back to the sidelines Laura Seanor Ottawa Realtor® RE/MAX Hallmark® Realty Group🏠 ________________ Ottawa Real estate market update Do you have questions about what it takes to sell or buy in Ottawa, Canada successfully? Book your personal consult now https://calendly.com/ottawalaura/consult and let’s chat. #OttawaLaura #REMAX #Ottawa #RealEstate #OttawaRealestate #Ottawarealestatemarket #OttawaMarket #Ottawahomemarket #Ottawarealtor #Ottawahomebuyers #ottawalistings #homebuyer #Listing #wemoveOntario #Ottawastats