Have you ever heard a Seller say “Whats the harm in listing my property 10 or 20 per cent above the market value? The Buyer can always make an offer.” There are a couple of things that happen when a residential home is overpriced. First it
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Attachment(s): dom effects on sell price.JPG
Does it matter when I buy or sell?” This is one of the most common questions that I answer. ‘A picture is worth a thousand words’ so I’ve attached a graph indicating the number of residential units sold by month (includes condominium).
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Attachment(s): Units sold by Month.JPG
With apologies to Mark Twain. I just finished reviewing statistics and trends in the Ottawa real estate market. The sheer magnitude of whats out there is intimidating. There might not be another industry that tracks their numbers as carefully as real
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