June 2025 | Ottawa Real Estate Market Update
- Thomas Desjardins
- Jul 10
- 3 min read
Last Month at a Glance
June sales continued to outperform last year’s numbers, with both transaction volume and median prices posting year-over-year gains. Despite the brisk pace of sales and rising prices, active listing volume remains well above the five-year average, giving buyers the advantage of a broader selection of homes on the market.
While the overall market is leaning in favour of sellers, the condo segment is telling a different story. Condos are now taking an average of 39 days to sell, and median prices have declined for three straight months.
We’re currently working to bring back condo-specific graphs—our previous data provider is transitioning to a new system, but we expect to have updated, responsive visuals available soon. In the meantime, feel free to drop me a line if you're looking for condo-specific data, and I'll be happy to send it along.
Read on for the stats from last month.
June Sales Volume
Last month, the Ottawa real estate market saw 1,405 property sales, up 10.6% from June last year.
The graph below shows monthly sales volume data grouped by month since 2020.
Median Sale Prices
The median sale price of a home in Ottawa was $680,000 last month, reflecting a 4.9% increase over June 2024.
The following graph shows the monthly average sale price data since 2020.
Active Listings by Month
At the end of June, 3,954 homes were available for sale in Ottawa, a 12.8% increase year-over-year.
The chart below shows the active listing data for the last five years.
Days on Market (Median)
Last month, homes in Ottawa took a median of 19 days to sell, 5.6% longer than last year.
Median days on market data since 2020 can be found in the table below.
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 2.7 months, more or less even with June 2024.
Months of Inventory data since 2020 can be found in the table below.
MONTHS OF INVENTORY, % CHANGE FROM PRIOR YEAR (2020-2025)
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.
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