By: Jody Lavoie
November 2017 Market Update
Tags: Ottawa Real Estate, November Market Conditions, 2017, Buyer, Seller
Record Breaking November!
After speaking with my good friend and Ottawa board President, Rick Eisert, here is a quick recap of what is happening here in the Ottawa Real Estate Market.
"It is crucial in a market that is moving quickly, such as the one we areexperiencing, to ensure you are pricing your property correctly. Having the guidance and market knowledge of a REALTOR® is essential for home buyers and home sellers,” suggests Eisert.
“The most active price point in the residential market is the $300,000 to $450,000 range, accounting for 46 per cent of the market. While the most activeprice point in the condo market, between $150,000 and $275,000, accounts for 66 per cent of the market,” says Eisert. “In addition to residential and condominium sales, Ottawa Real Estate Board Members assisted clients with renting 2,821 properties since the beginning of the year.”