Listing inventory is the critical indicator to watch in 2016 Ottawa real estate

Published 31 March 16 07:43 AM | Gord McCormick 

We have had some positive signs in the local real estate market over the last few months and most industry watchers and participants would expect it to be a good year in our marketplace.  There are a still a couple of potential “potholes” though and sellers will want to keep a close eye on what is happening day in and day out. 

Overall # Active Listings in 2016 vs 2011:
We think the most critical issue is listing both in aggregate and by price range.  While total listing inventory has decreased slightly in recent months, we are still carrying a very high number of listings compared to only a few years ago.  For example, a quick statistic from our Realtor system shows that total active listings at the end of January and February 2016 were 75.1 and 56.1% higher than only 5 years ago in 2011.  Unit reported sales have not increased significantly to cover this excess inventory. 

Listings by price range/level:
A dominant result of sales in 2015 showed a marked increase in housing priced $300-$400K and $200K-$300K and if results continue to skew in this fashion, does this mean we may have a shortage of listings in these price categories?  Does it mean higher priced properties will suffer?  

Supply and Demand can differ by neighbourhood and housing type also:
Real estate is local and of course supply and demand may be different in different locations across the area.


How long will it take my house to sell?
Probably the question not asked (or answered) enough by sellers of their Realtors.  Facts are as follows: for the year ended Dec 2015 the average residential property sold in a cumulative 83 days on the market and the average condo took 103 days.  So if you need to have your house sold in 30 days or less, this needs to be a big part of the conversation and marketing and pricing plan for your property/listing. We believe mid range properties should sell within 30 days at this busy time of the year.

Market is dynamic and moves fast at this busiest time of the year:
Things move very quickly over the next 10-12 weeks and sellers (and buyers) will want to make sure they are connected with a Realtor who can help them stay abreast of market dynamics and all the competitive pressures (ie don’t forget new home construction in the area!) that might get in the way of obtaining a successful sale.


If you don’t already have a Realtor you are working with, please give us a call and we will put our research and marketing programs to work to get your listing sold and to help meet your overall housing objective….and by the way, most sellers save 20-40% in real estate commissions and HST by working with us vs the typical 5% fees of most franchise or corporate Realtors. 

Also FYI.  Our facebook page was recently ranked as the #1 Realtor and Brokerage facebook page in Ottawa and #11 in the country by an online marketing company. (March 26th 2016



Gord McCormick, Broker of Record
Dawn Davey, Broker
Oasis Realty Brokerage







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