July 2023 Ottawa Real Estate Market Update

Posted by Greg Hamre on Tuesday, August 1, 2023 at 10:38:50 AM By Greg Hamre / August 1, 2023 Comment

😀Here's what you're going to read in ⚡tomorrow's Ottawa newspaper:

💥Sales in July in the real estate industry were up in units and dollars compared to 2022. 🗞️🏡💰

It's a surprising fact. 😲

It's shocking all economists. 💥💼

What has happened, though, is we had two interest rate hikes in the second quarter of 2023, and buyers that were locked in prior to that had 120 days to purchase and close. 📈📆💲

So we've seen a lot of quick closings happening in the last 30 days, and we've seen a flurry of action. 🏃💨

What we're not seeing is a lot of new listings and new listings that are featured properly. 🏘️🚫

So buyers are on the hunt, and they're still on the hunt. 🔍🔦

We're coming into August. 📅

The market in Ottawa is surprisingly active, and we're taking advantage of that. 💼📈

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

We're on pace and on the pulse of the real estate market here in town. We know exactly what's happening, and we can make sure your home gets sold in a reasonable amount of time for the most money possible. 🏘️💵

Buyers, we know how to take leverage on your negotiations. 💪🤝

So let's leverage your position, and we'll have you in before the snow flies again. ❄️🏠

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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