July 2025 | Ottawa Real Estate Market Update

Last Month at a Glance

Ottawa’s real estate market continued to show resilience last month, with steady demand, balanced conditions, and moderate price growth. While other parts of Ontario are seeing more dramatic slowdowns, Ottawa remains relatively stable thanks to its strong employment base and steady population growth. That said, the local market isn’t entirely immune to broader provincial or national trends, and rising inventory levels may signal some shifts ahead. For now, buyers have more options to choose from, while sellers can take confidence in Ottawa’s reputation as a steady, reliable market.

Read on for the stats from last month.

July Sales Volume

In July, the Ottawa real estate market recorded 1,105 sales—up 1.4% from the same month last year, though slower than the brisk activity in May and June. The summer lull continues, but we should see the usual uptick in momentum in September after Labour Day.

The graph below shows monthly sales volume data grouped by month since 2023.

TRANSACTION VOLUME, % CHANGE FROM PRIOR YEAR (2020-2025)

Median Sale Prices

The median sale price of a home in Ottawa was $640,000 last month, reflecting a 0.8% decrease over July 2024.

The following graph shows the monthly average sale price data since 2020.

MEDIAN SALE PRICE, % CHANGE FROM PRIOR YEAR (2020-2025)

Active Listings by Month

At the end of July, 3,382 homes were available for sale in Ottawa, a 13.6% increase year-over-year.

The chart below shows the active listing data for the last five years.

# ACTIVE LISTINGS, % CHANGE FROM PRIOR YEAR (2020-2025)

Days on Market (Median)

Last month, homes in Ottawa took a median of 24 days to sell, 9.1% longer than last year.

Median days on market data since 2020 can be found in the table below.

MEDIAN DAYS ON MARKET, % CHANGE FROM PRIOR YEAR

Months of Inventory

The months of inventory measure ("MOI") is calculated by taking the number of homes available for sale and assessing how long it would take for those to sell if demand remained constant and no new inventory was added to the market. This measure is a core indicator that helps assess whether we are in a buyer's, seller's, or balanced market.

In June, Ottawa's Months of Inventory stood at 3.1 months, 13% higher than in July 2024. The market is balanced for the time being.

Historical Average Prices

After experiencing its first price decrease in 27 years in 2023, the average home sale price in Ottawa rebounded last year. The average price increased to $676,000, up from $655,000 in the previous year (2023). Even though the average price remains below the 2022 high of $691,500, the Ottawa housing market's recovery has been swift, true to its typical resilience.

The historical average price of a home in Ottawa since 1956 can be found in the chart below.

What This Means for You

It is critical to note that broad aggregate data is useful to establish trends, but significant variability exists at a community and housing-type level. If you are interested in getting a more refined estimate of the value of your home, or if you are interested in beginning your house hunt, we would love to help!

Give us a call at 613-614-2999 for your no-obligation consultation.

* Real estate market data is taken from the Ottawa Real Estate Board's Multiple Listing Service (MLS) and is believed to be accurate but is not warranted.