Ottawa Real Estate Board Reports Balanced Market in September 2025

Ottawa Real Estate Board — September 2025

In September 2025, the Ottawa Real Estate Board reports a total of 1,089 homes sold, reflecting a modest increase of 2.4% from September 2024. The composite benchmark price stands at $627,200, with an average price of $690,397, marking a year-over-year price increase of 1.1%.

Market Analysis

The Ottawa real estate market demonstrates balanced conditions as of September 2025, with a sales-to-new-listings ratio (SNLR) of 38.5%. This indicates a healthy equilibrium between supply and demand, as the number of new listings surged to 2,832, a 19.3% increase from the previous year. Active listings reached 4,388 units, up 19.4% year-over-year, suggesting that buyers have a wider selection of properties to choose from. The months of inventory stands at 4.0, indicating that it would take approximately four months to sell the current inventory at the current sales pace, which is above the long-run average of 2.8 months for this time of year.

Property Type Analysis

In terms of property types, the benchmark price for detached homes is $697,200, reflecting a modest year-over-year increase of 1%. Townhouse and row units have seen a more significant rise, with a benchmark price of $462,800, up 7.8% from a year ago. Conversely, the benchmark price for apartments is $408,200, which represents a slight decrease of 1.7% compared to September 2024. This divergence in price trends highlights varying demand dynamics across different property types.

Regional Highlights

Regionally, the Ottawa market has experienced a notable uptick in new listings, with September 2025 marking the highest number of new residential listings recorded for the month. This increase is 21.8% above the five-year average and 29.4% above the 10-year average, indicating a robust supply response to market conditions. The rise in active listings has not only provided more options for buyers but has also contributed to the balanced market conditions observed this month.

For Buyers

For potential buyers, the current market conditions present an opportunity to explore a diverse range of properties. With a balanced market and an increase in active listings, buyers are encouraged to conduct thorough research and consider their options carefully. Engaging with a knowledgeable real estate agent can provide valuable insights into neighborhood trends and pricing strategies.

For Sellers

Sellers should take advantage of the increased demand and the record number of new listings by pricing their homes competitively. Given the balanced market dynamics, it is essential to present properties well and consider strategic marketing approaches to attract potential buyers. Working closely with a real estate professional can help sellers navigate the current landscape effectively.