Introduction:

TRU Realty, one of Ottawa's leading real estate brokerages, is excited to announce the addition of Ameer Abdulkader to our team. With a wealth of experience and a passion for client success, Ameer has joined us as a Realtor, bringing exceptional expertise to our brokerage. We are confident that his extensive background and dedication will greatly benefit our clients and enhance our services.

Ameer Abdulkader: A Professional with a Difference

Ameer Abdulkader's decision to become a Realtor showcases his commitment to providing outstanding service. With years of experience in the high-tech industry, Ameer offers a unique perspective and diverse skill set to TRU Realty. His in-depth knowledge of the market, local regulations, and negotiation strategies enables him to handle any challenge effectively.

Expertise and Dedication to Client Satisfaction

Ameer's keen eye for detail and ability to understand each client's unique needs set him apart. Ameer is dedicated to ensuring client satisfaction and goes above and beyond to deliver a seamless and stress-free experience. His exceptional communication skills and genuine empathy foster strong relationships with clients, guiding them through their real estate journey.

Why TRU Realty?

Ameer's decision to join TRU Realty speaks volumes about our brokerage's reputation. Known for our commitment to excellence, transparency, and innovation, we align perfectly with Ameer's values. By joining our team, Ameer gains access to a vast network of industry professionals, cutting-edge technology, and comprehensive resources, enhancing his ability to provide unparalleled service to clients.

Conclusion:

TRU Realty warmly welcomes Ameer Abdulkader as our newest Realtor, confident in his ability to bring exceptional value to our clients. With his comprehensive knowledge, dedication, and client-centric approach, Ameer is an invaluable addition to our team. Whether you're buying, selling, or investing in real estate, Ameer and TRU Realty are here to guide you towards success. Contact us today to experience the difference Ameer Abdulkader and our team can make in your real estate journey.

Members of the Ottawa Real Estate Board (OREB) sold 1,658 residential properties in June through the Board’s Multiple Listing Service® (MLS®) System, compared with 1,493 in June 2022, an increase of 11%. June’s sales included 1,234 in the freehold-property class, up 10% from a year ago, and 424 in the condominium-property category, a 16% increase from June 2022. The five-year average for total unit sales in June is 1,881.

“Although June’s transactions surpassed last year’s, the number of sales, average prices, and new listings declined on a week-to-week basis over the course of the month. Compounded by the typical summer decline in activity, the Bank of Canada’s interest rate adjustment at the beginning of the month may have also flattened the curve,” says Ottawa Real Estate Board President.

By the Numbers – Average Prices*:

• The average sale price for a freehold-class property in June was $746,445, a decrease of 4% from 2022, but still on par with May 2023 prices.

• The average sale price for a condominium-class property was $448,380, an increase of 2% from a year ago and up 1% over May 2023 prices.

• With year-to-date average sale prices at $731,847 for freeholds and $432,885 for condos, these values represent a 10% decrease over 2022 for freehold-class properties and a 7% decrease for condominium-class properties.

“Supply is trending in the right direction. The increase in inventory is encouraging and indicates sellers have confidence in the market. A growing resale housing stock will result in more selection for buyers and more sales.”

By the Numbers – Inventory & New Listings:

• June’s new listings (2,758) were 14% lower than June 2022 (3,212) and down 2% from May 2023 (2,822). The 5-year average for new listings in June is 2,802.

• Months of Inventory for the freehold-class properties has increased to 2.1 months from 1.9 months in June 2022 and 1.5 months in May 2023.

• Months of Inventory for condominium-class properties has decreased to 1.4 months from 1.6 months in June 2022, although up from 1.3 months in May 2023.

• Days on market (DOM) for freeholds stayed on par with last month at 23 days and increased to 27 days for condos compared to last month (26 days).

“We are looking forward to a strong second half of 2023 in terms of sales volume and prices compared to last year. Whichever side of the transaction you are on, the advice of a professional REALTOR® who has their pulse on the week-to-week variabilities in Ottawa’s resale market is priceless.”

REALTORS® also help with finding rentals and vetting potential tenants. Since the beginning of the year, OREB Members have assisted clients with renting 3,336 properties compared to 2,919 last year at this time, an increase of 14%.

* Courtesy of the Ottawa Real Estate Board. OREB cautions that the average sale price can be useful in establishing trends over time but should not be used as an indicator that specific properties have increased or decreased in value. The calculation of the average sale price is based on the total dollar volume of all properties sold. Price will vary from neighbourhood to neighbourhood.