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Market Update January 2024

Posted by admin on January 9, 2024

Market Insights

Ottawa & Lanark County Real Estate Market Update January 2024 statistics are in for another month.

Let’s dive into the real estate for the year in this local area over the last year. Year over year in 2023 in Lanark County we ended up with a 6% decrease and 8% decrease for Ottawa. Average days on market is 39 in Ottawa and 59 in Lanark County.

The next bank of Canada announcement for interest rates is January 25th. Since they are been steady for a few months now there is more buyer confidence. If you are planning on selling this year get your homes ready. February and March will be great times to have them on the market if there is a lowering of the interest rates or if they stay the same.

Stay tuned for more real estate insights and tips next month

Reach out if you want to discuss your local neighbourhood statistics.

Download the PDF – January 2024 – Market Snapshot

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