📈 Home Sales:
1,177 homes sold in October
🔼 Up 8.1% from September
🔽 Down 1.2% from October 2024
➤ Sales improving month to month — buyers are active again.
💰 Average Price:
$709,002 average sale price
🔼 Up 2.7% month-over-month
🔼 Up 5.7% year-over-year
➤ Prices holding steady with healthy, moderate growth.
📋 New Listings:
2,405 new listings in October
🔽 Down 15.1% from September
🔼 Up 13.4% compared to last year
➤ Typical fall slowdown, but still more choice than in 2024.
🏠 Active Listings:
4,232 homes currently on the market
🔽 Down 3.6% from last month
🔼 About 21% higher than a year ago
➤ Plenty of options for buyers, but inventory is slowly tightening.
📦 Inventory Levels:
3.6 months of supply (down from 4.0)
➤ Slight shift toward sellers, yet still a balanced market.
📅 Year-to-Date Totals:
12,197 homes sold (+3.3%)
💵 Total sales volume: $8.55 billion (+6.5%)
📊 Average YTD price: $700,869 (+3%)
➤ Steady growth continues in 2025.
🏡 MLS® HPI Benchmark:
$622,700 in October
🔽 Down 0.7% month-over-month
🔼 Up 0.7% year-over-year
➤ Slight monthly dip, long-term values stable.
✅ Bottom Line
Ottawa’s real estate market remains stable, balanced, and resilient — prices are steady, demand is solid, and supply is tightening slightly as we move into winter.
🤝 Thinking of Buying or Selling in Ottawa?
If you're looking for a home in Stittsville, Kanata, Barrhaven, Nepean, Riverside south or Orleans.
📞 Reach me - Jai Patel, Realtor® — your local expert in Ottawa’s diverse communities.
📧 jaipatelrealtor.ca | ☎️ 613-404-8706