Market Update For Ottawa Homebuyers - May 2022

Posted by Leif Olson on Friday, May 6, 2022 at 2:16 PM By Leif Olson / May 6, 2022 Comment

What did April look like in Ottawa Real Estate?...

And what does this mean for buyers?

Hello everyone, Melanie Giray with Hamre real Estate Team RE/MAX Affiliates here in Ottawa.

April was certainly an interesting month for real estate.

You know, we definitely saw a slight shift in the market.

So first things first, you know, the average price for a residential property was $830,000.

And the average price for a condominium property was about $470,000.

Now, if you're a buyer, this is really important for you.

Inventory is currently the highest that it's been all year.

And you know, if we look at the number of sales that took place in April of this year, in comparison to April of last year, the numbers are slightly down.

So April was a little bit of a quieter month.

A lot of people bought earlier on in the year.

So the buyer pool definitely got a little bit smaller.

So there is slightly less competition.

So if you're a buyer and you're looking to get into the market, send me a message.

Let's connect. We'll come up with a strategy to help you win in this market.

☎️And I am here to help you navigate this ever-changing real estate market.

Hope everyone's having a lovely day bye now!

Move to Ottawa

Are you thinking about moving to a city with a high quality of life?

Hamre Real Estate Insights

10 important questions to ask before making an offer on a home.

We Know Ottawa

The website designed for Ottawa lovers and all the current and future homeowners in Ottawa.

Having Etiquette in Real Estate

There's an etiquette in real estate to getting the deal done properly, getting the deal done for your buyers.

Global Reach

Importance of Homeowners Insurance

Homeowners insurance policy will protect you against certain losses and damage to your new home and is generally required by lenders prior to closing.

How To Add Curb Appeal

Want to add some curb appeal to your home before listing it on the market? Here are some tips that will help!

You Deserve More Attention

We believe that communication is the number one key to a successful real estate transaction!

Ottawa Real Estate Market Early 2023

There's a real sense of optimism. I can feel it.

Life Forces People to Move

Life Forces people to move and it's time to DREAM BIG!

Will The Ottawa Real Estate Market Crash

Will this crash the market?

Snowsuit Fund Fundraiser 2022

It is that time of year again winter is coming. We want every child in Ottawa to be warm this year, which is why the Hamre Real Estate Team is supporting the Snowsuit Fund.

Homes For Sale Under $400,000 in Ottawa?

The client calls me up and says: "Hey Steve, can you find me a property for $400,000 or less?

Time is The Most Valuable Asset

Time is one of the greatest assets that we have as humans.

The Feeling When Your Offer Is Accepted

Whether you're a first time home buyer, upsize, downsize, retiree, when you get a call that your offer was accepted, it is nothing short of exciting!

How To Prepare For A Home Inspection

How does a seller prepare for the home inspection?

Lucky Number 7

Not only were we able to help our fantastic clients sell their home in three days after being enlisted, but help them buy a property under asking in competing offers.

Opportunity For Buyers In The Ottawa Real Estate Market

Not enough people are talking about this and buyers, you have an opportunity to save some money!

Market Watch

The Hamre Real Estate Team recognizes that the market is constantly changing, and currently, we are experiencing a trend driven by limited inventory and higher interest rates.

Is the Buyer Pre-Approved, or Not?

When selling a home, it’s important to understand the different types of loan approvals that you will come across.

Our Marketing Strategy

Let’s take a moment to talk about how we use both traditional and online strategies to promote your home to the largest group of qualified buyers.

How To Attract More Buyers

Attracting buyers to your home on the market is an important task in order to have it sell quickly. Here are some tips on how to convince buyers to make an offer on your home!

Phone(613) 880-1122

Email[email protected]

Address Hamre Real Estate Team
1180 Place D'Orleans Drive
Ottawa, ON K1C 7K3