2024 Predictions Spring Ottawa Real Estate Market - April

I predict that the Ottawa real estate market will have more active inventory than we've seen going into April. 📈

My name is Greg Hamre from RE/MAX Affiliates in Ottawa and the Hamre Real Estate Team. 💼

This is not a hobby for us. 🔍

We're really on the trigger. 🔫

We know exactly what's happening and I believe you're going to see more active homes for sale, more selection for buyers than we've seen in the last five years. 🏡

You can feel it. 🤔

There are less buyers making a move. 🚶‍♂️

We just finished the home show here in Ottawa. 🏠

It was a great success. 👍

A lot of our clients were there. 🤝

Thousands of people walked in and out of there and a lot of people bought things that give you the indication that they're cocooning. 🐛

They're investing in a home. 💰

They're investing now in home improvements, home lifestyle and maybe some luxury products like pools and a couple of new saunas in the backyards in our local neighbourhood here. 🏊‍♂️

But that just tells you that people are putting roots in. 🌱

They're not making the move this year as we would traditionally see summer months going into the spring here. 🌸

We're about five weeks away from the peak of the market and the peak of the market in Ottawa is usually week 17 or week 18, which is right in the middle of May. 📅

This year, there's just not the same sense of the number of buyers and more listings are coming on. 💼

So it's kind of a supply-demand scenario. ⚖️

There are more listings to compete against for people who are putting their houses on the market. 🏠

And there's more selection for buyers. 💼

Sellers you have to make sure that you're engaging in emotion and buyers' emotions. ❤️

This year, you need mass exposure. 📣

You need detailed staging. 🛋️

You need professional photos that really grab the attention. 📸

Buyers are blowing these pictures up on 60-inch televisions in their homes and to look at all the little details and then you need a powerful video that really engages and tells the story of your home. 📹

If you're not doing that, if you don't have a professional guiding you through that role of your listing. 🚫

It's going to be a tough summer ahead. ☀️

You need a professional real estate team that really gets it and understands marketing. 💼

That's where we built our business on delivering a memorable experience, making sure that we have constant communication with our clients when they're selling our home. 📞

So they know exactly what's happening, any changes in the market, they know about it before they read about it in the paper, we can do that because we have a pulse of the ok. 💡

We sell houses every day here, sellers. 🏡

This is not a normal year. 🚫

Affordability is a major issue buyers. 💰

If you're deciding to move to Ottawa, we have a lot of relocations that happen here on a yearly basis. 🚚

But we also have a lot of families moving here to be closer to their adult Children, to see the grandchildren and to be a part of their lives, they're moving in, that's a big percentage of our buyers. 👨‍👩‍👦

You're going to have selection if you don't see it. 👀

Now, trust me, it's coming, the next five weeks will be the biggest of active inventory and more selection for you. 📊

It's an exciting time here in Ottawa. 🎉

It's not a normal spring market at all. 🌷

We're guiding our clients through to make sure their homes are sold, so they're moving on and that's what we do. 💼

We inspire dreams. ✨

The dreams are to move on to your new lifestyle or your new homestead or that dream home that you've always wished for will make it happen for you. 🏡

My name is Greg Hamre from RE/MAX Affiliates and the Hamre Real Estate Team. 💼

Hope to see you soon. 🤝

Take care. 👋

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