A total of 1,602 homes were sold through the MLS® System of the Ottawa Real Estate Board (OREB) in June 2025. This marks an 11.34% decrease from the previous month, but a more modest 10.6% increase compared to June 2024 and sits 3.8% above the five-year average.*
This was the busiest June we’ve seen in quite some time, with sales up 10.6% and new listings rising nearly 14% year over year, signifying we did, in fact, experience a delayed spring market. We’re seeing more inventory hit the market, giving buyers more choice. With the changing market conditions, sellers need to be future-focused—pricing thoughtfully and preparing their homes to be one of the top picks in their area.
Apartments are one segment that continues to feel the strain, with sales down about 20% across Ottawa and inventory building. There is a variety of compounding factors in play here including an increase in new construction, elevated financing costs and rising strata fees reducing affordability—especially for first-time buyers, but also, we’re seeing neighbourhood-specific factors impacting demand. Still, Ottawa remains a stable market. We’re getting back to familiar seasonal trends—where summer activity will pick up for families looking for a home prior to the school year, and with students returning to the city—a stronger fall is likely ahead.
By the Numbers – Prices:
- The overall MLS® HPI composite benchmark price was $634,300 in June 2025; a 1.6% increase from June 2024.
- The benchmark price for single-family homes was $707,600, up 1.6% year-over-year.
- The benchmark price for a townhouse/row unit** was $467,900, a 9.0% increase from 2024.
- The benchmark apartment price was $411,500, a 0.6% decline from the previous year.
- The average price of homes sold in June 2025 was $723,152, a 5.2% increase from June 2024.
- The total dollar volume of all home sales in June 2025 reached $1.15 billion, a 16.3% increase compared to the same period last year.
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. Prices will vary from neighbourhood to neighbourhood.
By the Numbers – Inventory & New Listings:
- The number of new listings increased by 13.8% compared to June 2024, with 2,933 new residential properties added to the market. New listings were 6.6% above the five-year average.
- Active residential listings totaled 4,350 units at the end of June 2025, reflecting an 11.6% increase from June 2024. Active listings were 42.6% above the five-year average.
- Months of inventory remained steady at 2.7 in June 2025, relatively the same level as in June 2024. The number of months of inventory is the number of months it would take to sell current inventories at the current rate of sales activity.
Navigating Strategy in a Changing Market
Wondering how the latest data impacts you? Curious about the effects of rising U.S. tariffs, economic uncertainty, and fluctuating interest rates on your next real estate decision?
In today’s unpredictable market, having smart, informed guidance is more important than ever. Whether you’re looking to buy, sell, or explore your options, I’m here to help you move forward with clarity and confidence.
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