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Ottawa Market Update February 2023 – 50 Years of Change

Ottawa Real Estate Market – February 2023 Statistics

OTTAWA, March 3, 2023 – Members of the Ottawa Real Estate Board (OREB) sold 855 residential properties in February through the Board’s Multiple Listing Service® (MLS®) System, compared with 1,411 in February 2022, a decrease of 39%. February’s sales included 633 in the freehold-property class, down 42% from a year ago, and 222 in the condominium property category, a decrease of 31% from February 2022. The five-year average for total unit sales in February is 1,157. Read the full release from the Ottawa Real Estate Board below.

Whether you’re looking for a property or are planning to sell yours, our Ottawa and Kanata real estate agents can answer your questions about the current real estate market, provide you with a current market valuation of your home and assist you in your search. Do not hesitate to contact one of our experienced REALTORS® today, we’ll be happy to help you.

 

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