Home sales in Ottawa surged in May 2025, with 1,807 properties sold through the MLS® System—up 33.1% from April and 14.9% higher than May 2024, indicating a delayed spring market. This total is also 2.5% above the five-year average.
Despite economic uncertainty, Ottawa remains more stable than larger markets like Toronto or Vancouver, with sale prices continuing to align closely with asking prices. With rising inventory, sellers must focus on competitive pricing and strong presentation.
Pricing Highlights:
Benchmark home price: $629,800 (+0.8% YoY)
Single-family homes: $700,000 (+0.6%)
Townhouses: $446,900 (+3.4%)
Apartments: $404,700 (−3.6%)
Average sale price: $728,623 (+4.8%)
Total sales volume: $1.316 billion (+20.4%)
Inventory & Listings:
New listings: 3,430 (+8.7% YoY, +15.8% above 5-year avg)
Active listings: 4,347 (+13.5% YoY, +54.2% above 5-year avg)
Months of inventory: 2.4 (unchanged YoY)