By
Nick Labrosse
Hey Ottawa home enthusiasts! Let’s dive into the latest scoop on our city’s housing market this August. Whether you’re a curious observer, potential buyer, or considering selling, this post will give you the inside track.
The Ottawa market is showing some intriguing patterns. Here’s a quick snapshot:
10.2% ↑
Sales are up 10.2% compared to last August
0.3% ↑
Average price is up slightly by 0.3% to $660,341
0.2% ↑
New listings are up 0.2%
25.8% ↑
Active listings have jumped 25.8%
1,100 homes were sold, an increase from the previous year
Data compared to August 2023
What does this mean for you? Let’s break it down!
Good news! You’ve still got more choices than last year. With active listings up, you’re not facing the intense competition we saw a couple of years ago.
But don’t expect bargains – prices are holding steady. The market’s more balanced now, not plummeting.
While it’s not as red-hot as it once was, don’t fret. Houses are still selling, just at a more measured pace. The median time on market is now 24 days.
You might not see a frenzy of offers, but well-priced homes are still attracting buyers.
Let’s look at different types of homes:
While we don’t have specific neighbourhood data, here’s what we’re seeing:
Remember
Did you know? If you stacked up all the homes sold in Ottawa this August, they'd reach higher than 183 Peace Towers!
Read More About Nick
Contact us! Let’s chat about Ottawa real estate. Whether you’re a first-time buyer, a seasoned investor, or just curious about the market, I’m here to help make sense of these numbers.
– Stay cool, Ottawa!Â
Hi, I'm Nick, I’ve helped 500+ buyers and sellers in Ottawa since 2008. Born and raised here, I know every neighbourhood—and where value grows. Before real estate, I completed Business Marketing at La Cité Collégiale and worked in finance at the National Research Council. Tenacious, confident, and creative, I’m always finding new ways to deliver standout service and get you better results.
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