Ottawa Market Update May 2023 – 50 Years of Change

Ottawa Real Estate Market – May 2023 Statistics

OTTAWA, June 5, 2023 – The Ottawa Real Estate Board reports 1,939 residential and condominium properties sold in May 2023 compared to 1,830 in May 2022, representing approximately a 6% increase in units sold. Year to date (as of  May 1, 2023) residential unit sales decreased by 23.4% compared to 2022, and condominium unit sales year to date decreased 28.3% when compared with sales in 2022 for the same time period.

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.



Previous Market Stats: