🔍 Is Ottawa's real estate market finally stabilizing?
Join us as we dive into the latest market trends, from the surprising 6% dip in freehold sales to the staggering 17% drop in condo sales-June 2024 had it all! With inventory levels rising and average prices holding steady, what does this mean for buyers and sellers?
📉 Freehold Market Insight (from 1:25):
Sales: 1,244 units, a 6% decline
Inventory: Slight increase to 2.8 months
Average Sale Price: Stable at ~$748,000
🏢 Condo Market Breakdown (from 12:25):
Sales: 354 units, a 17% decline
Inventory: Matches freeholds at 2.8 months
Average Sale Price: Around $441,000
🚨 The Rant (from 17:24):
The city’s hike in development fees, inefficiencies, and bureaucratic hurdles are making new homes pricier. Is Ottawa shooting itself in the foot? 🦶
Stay tuned as we unpack the factors shaping Ottawa’s real estate market and what it means for you! 📈🏡
Негізгі бет Ottawa Real Estate Market Update | July 2024 | WTF Ottawa?
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