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Ottawa Real Estate market update for January 2018

Blog by Jean Richer - Bilingual Salesperson | February 12th, 2018

The Ottawa Real Estate Board has just released the stats for January 2018. What are your thoughts on the Real estate market in your area? Do you think the market is up or down? Are prices going up or down? Is it more of a buyer's market or seller's market? 

We all know that real estate is local, so what is happening in YOUR area? The overall statistics are good but every neighborhood can be different. 

I was showing houses to clients last week and withing 24 hours of showing 2 hot new listings, there were multiple offers and it was too late! I also sold a new listing within 7 days with 20 showings, 7 offers and it sold for over asking, a lot over asking. 

If you are thinking of putting your house on the market this Spring, it might be worth doing it a little sooner. Give me a call and we can chat! 

Jean Richer