March resale market goes out like a lion

Members of the Ottawa Real Estate Board sold 1,485 residential properties in March through the Board’s Multiple Listing Service System, compared with 1,160 in March 2016, an increase of 28 per cent. The five-year average for March sales is 1,240.

“The busy spring selling season descended upon Ottawa early this year,” remarks Rick Eisert, President of the Ottawa Real Estate Board. “Unit sales for March marked the second-best on record, only 13 units down from the record set in March 2010. We’re also starting to see properties move faster, with the average cumulative days on market sitting at 82 days. With all these positive numbers, it’s still important to emphasize that price and conditions vary from neighbourhood to neighbourhood.”

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