Picture credit to Samirdiwan on Flickr

The Ottawa Real Estate Board just posted the statistics for market sales in February. In the press release they indicate what the number of sales for the month were, but do not talk about the change in price. You can see a copy of the press release below.

March 4, 2009 : Dazed and confused?

Members of the Ottawa Real Estate Board sold 787 residential properties in February through the Board’s Multiple Listing Service® system compared with 980 in February 2008, a decrease of 19.7 per cent. There were 530 sales in January 2009.

“What I am hearing from fellow REALTORS® is that many buyers are out there looking, but seem nervous about making offers. They’re confused by what they’ve been reading and hearing about the state of the real estate market. The fact is, although sales and prices have both declined here in Ottawa, they have remained relatively steady when compared with the sharp decreases seen in other parts of Canada,” said Board President Rick Snell.

“Ottawa’s resale housing market is balanced, which offers opportunities for both sellers and buyers, especially first-time buyers,” Snell added. “More competitively-priced homes combined with current low interest rates make it a fantastic time for first-time buyers to get into the market.”

“Ottawa’s resale housing market is balanced, which offers opportunities for both sellers and buyers, especially first-time buyers,” Snell added. “More competitively-priced homes combined with current low interest rates make it a fantastic time for first-time buyers to get into the market.”

http://www.MattRichling.com

Matt Richling is a sales representative with RE/MAX Affiliates Realty Ltd., Brokerage, Independently Owned and Operated

***The opinions of the authors expressed herein do not necessarily state or reflect those of the RE/MAX or RE/MAX Affiliates Realty Ltd., Brokerage.***