Market Watch Monday August 8, 2022

By in Market Update with 0 Comments

We have been talking about a return to a balanced market for a while now. What does this mean? What does it look like? Here’s what you need to know… A balanced real estate market is one where there is approximately 4 months of inventory on the market. We currently have about 2.9 months of inventory on the market for residential homes and 2.5 months for condos. This means that homes do not sell in record-breaking times, but take longer and buyers have more choice and time to make decisions. This is good for everyone! Let us know if you have any questions, we are here to help!

Share This
About The Author
David Robertson

Since 2011, Dave brings integrity and professionalism to his clients in Ottawa when helping them buy and sell real estate. Every client matters to Dave.He doesn’t just sell you a home; he builds relationships for life by treating every client with the respect and honesty he would give his own family. Even after the sale of your home, he will continue to be there to answer all your real estate questions and recommend preferred vendors. As an Ottawa native, Dave understands the changes in the local market. Dave's previous industries in banking and home equity have sharpened his expertise in real estate trends. He will professionally explain the real estate process and paperwork involved. As team leader of LIFE Real Estate Group, Dave offers his clients a team of dedicated agents and administrators. Why hire a single realtor when you can hire a team? LIFE Real Estate Group's innovative marketing strategy and commitment to excellence has propelled them to be one of the top teams at Solid Rock Realty! Dave's passion for serving people is the foundation of his success. His goal is to earn the right to be your real estate professional for life. Whether it is creating a customized plan for creating generational wealth through real estate or even home maintenance tips, he is available for all his clients. Message Dave for past testimonials to see how he has helped local families.

Call Our Team Today!