Homes are selling as fast as they list. The state of the Ottawa Real Estate market Feb 8th 2010


267 new listings came on the market this week and 257 homes sold.  That means we are up a grand total of 10 listings, no wonder the conditionally sold rate is over 13% of current inventory (over 6% being a strong sellers market).
It’s to bad this sort of activity won’t last very long.  Here is a link to an article in Saturdays Globe and Mail:
It talks about the pressure the federal govenment is under to raise the minimum down payment required to buy a home.  I strongly suggest you take a look so you know what might be coming down the road.
Cheers,
Real Estate Dave
“Tell me something good!”
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