September 2011 - Market Update


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Blog by Ottawa Real Estate | Ottawa Homes for Sale | Ottawa Relocation | September 13th, 2011


Ottawa Real Estate Market up 20.9% in Unit Sales
Market moves up in Unit Sales


The Hamre Team at RE/MAX Metro City in Ottawa welcomes the late summer sales rush in the Ottawa Real Estate market. Sales of existing homes in Ottawa jumped in August as low interest rates have kept potential Buyers interested in “househunting.”

There is a large selection of inventory for Buyers to choose from and pricing reflect the competition in today’s real estate market place. The extended low interest rates and stable economic conditions in Ottawa are adding to the upswing in Buyer participation in the real estate market.  The Hamre Team has added additional “SOLD SIGNS” to meet the demand.

According to the Ottawa Real Estate Board, 1,329 resale homes were sold during the month, a 20.9-per-cent increase over the 1,099 homes sold in August 2010.

The jump in buyer interest has helped to propel the sales pace of the Ottawa real estate market back to 2010 levels after a mostly lacklustre beginning to 2011.

To view the Hamre Team exciting selection of home for sale please visit our web site at http://www.WeKnowOttawa.com