What happened in the Ottawa market in March 2024?
As we dive into spring, take a look at the Ottawa market trends of March 2024 as gathered by the Ottawa Real Estate Board (OREB). This past March, the market continued its upward trajectory, with the number of homes sold via the MLS® System. And looking at our year-to-date data, the number of homes sold has seen a 13.1% increase with 2,678 units sold over the first three months of 2024.
Home prices experienced a solid appreciation, with both the benchmark prices and the average price of homes sold seeing growth as compared to March 2023. The surge in market activity was further evidenced by increases in inventory and new listings. These numbers saw notable growth from both last month and the previous year. This data underscores the resilience and vitality of Ottawa’s real estate market, presenting ample opportunities for buyers and sellers alike. Whatever your current real estate goals are, these numbers provide guidance both short and long-term. Looking to explore further?
