**Discover the Next Level of Real Estate Excellence with Rayanne Bendaoud at TRU Realty**

Are you ready to embark on an extraordinary journey towards finding your dream home? We are thrilled to introduce the newest member of the TRU Realty family, Rayanne Bendaoud! With a passion for real estate and a commitment to excellence, Rayanne is set to redefine your home-buying and selling experience.

**A Stellar Background:**

Rayanne Bendaoud is not just a Realtor; she is your dedicated partner on your real estate journey. As a licensed REALTOR® with an impressive background in public policy spanning over a decade, Rayanne brings ethical and diverse expertise to the table. Her experience in negotiations is second to none, ensuring that you'll achieve the most favourable terms and outcomes.

**Education and Expertise:**

Armed with a Bachelor's degree in Economics and Law, Rayanne's educational foundation provides a strong basis for navigating the intricate world of real estate. Her proficiency in understanding market dynamics, coupled with her hands-on experience in buying and selling homes, guarantees that you're in capable hands.

**Attention to Detail:**

What truly sets Rayanne apart is her genuine passion for home design and her impeccable eye for detail. Your home isn't just a property; it's an embodiment of your aspirations and lifestyle. With Rayanne's unique perspective, your journey towards finding the perfect home becomes an artistic and fulfilling endeavour.

**Why TRU Realty:**

Rayanne's choice to join TRU Realty speaks volumes about the brokerage's exceptional standards. She was drawn to the management's commitment to excellence, the innovative commission plan, and the unwavering support provided to each Realtor. At TRU Realty, professionalism isn't just a buzzword – it's a way of doing business that empowers our agents to deliver exceptional results.

**Opening Doors to Your Future Home:**

With Rayanne Bendaoud by your side, the doors to your future home are wide open. Whether you're a first-time buyer, a seasoned investor, or someone looking to sell, Rayanne's personalized approach and dedication to your goals ensure a smooth and successful transaction.

**Connect with Rayanne Today:**

Ready to take the next step towards your real estate dreams? Reach out to Rayanne Bendaoud today and discover how her passion, expertise, and commitment can turn your aspirations into reality.

At TRU Realty, we're more than a brokerage – we're a family dedicated to your success. Join us in welcoming Rayanne Bendaoud, and together, let's make your real estate dreams come true.

Members of the Ottawa Real Estate Board (OREB) sold 1,263 residential properties in July through the Board’s Multiple Listing Service® (MLS®) System, compared with 1,102 in July 2022, an increase of 15%. July’s sales included 979 in the freehold-property class, up 18% from a year ago, and 284 in the condominium-property category, a 6% increase from July 2022. The five-year average for total unit sales in July is 1,621.

“Both transactions and average prices are up from last July indicating consumers remain confident in the market notwithstanding the two recent quarter-percent interest rate hikes by the Bank of Canada. We’re only a month into the third quarter, but based on July’s positive indicators, we are likely to see solid year-over-year results in the second half,” says Ottawa Real Estate Board President.

By the Numbers – Average Prices*:

• The average sale price for a freehold-class property in July was $754,188, an increase of 5% from 2022, and a 1% increase over June 2023 prices.
• The average sale price for a condominium-class property was $435,094 an increase of 2% from a year ago, although 3% lower than June 2023 prices.
• With year-to-date average sale prices at $735,103 for freeholds and $433,447 for condos, these values represent a 9% decrease over 2022 for freehold-class properties and a 6% decrease for condominium-class properties.

“July’s average prices are showing positive gains over last year, and year-to-date numbers, as expected, are still closing the gap from the peak pandemic market activity of early 2022. Additionally, inventory continues to climb steadily as new listings are added to the housing stock, creating more options for homebuyers. August may be a slower month in Ottawa, but I wouldn’t take a vacation from shopping for your home.”

By the Numbers – Inventory & New Listings:

• July’s new listings (2,234) were 6% lower than July 2022 (2,364) and down 19% from June 2023 (2,755). The 5-year average for new listings in July is 2,336.
• Months of Inventory for the freehold-class properties has decreased to 2.7 months from 2.9 months in July 2022 but increased from 2.1 months in June 2023.
• Months of Inventory for condominium-class properties has decreased to 2.3 months from 2.5 months in July 2022, but is up from 1.4 months in June 2023.
• Days on market (DOM) for freeholds have increased to 26 days from 20 days in July 2022 and 23 days from June 2023.
• Days on market (DOM) for condos have increased to 28 days from 20 days in July 2023 and 27 days in June 2023.

“Although we are in a sellers’ market again, the pandemic’s frenzy has calmed considerably. Sellers need to manage their expectations with true market activity — not every property will automatically see multiple offers or immediate sales. Ultimately, a property’s price is determined by how much a buyer is willing to pay. Using the marketing and negotiation skills of a professional licensed REALTOR® is instrumental for both buyers and sellers in this fluid market.”

REALTORS® also help with finding rentals and vetting potential tenants. Since the beginning of the year, OREB Members have assisted clients with renting 3,921 properties compared to 3,528 last year at this time, an increase of 11%.

Courtesy of the Ottawa Real Estate Board