Ottawa’s June 2025 resale market was up for the second month in a row, according to the Ottawa Real Estate Board, a positive sign following several months of lower sales compared to a year ago.
Realtors sold 1,602 homes in June through the board’s Multiple Listing Service (MLS). While that was down 11 per cent from May, it was a jump of more than 10 per cent over June of last year and almost four per cent above the five-year average.
“This was the busiest June we’ve seen in quite some time… signifying we did, in fact, experience a delayed spring market,” said board president Paul Czan in a statement. “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
As usual in the resale market, single-family homes led the pack: Realtors sold 895, a jump of more than 16 per cent compared to the same month last year. The benchmark price for single-family homes was $707,600.
Townhomes/row homes were next, with 467 sales — almost 17 per cent more than last year — and a benchmark price of $467,900.
Condo apartments fared less well: just 207 sales, a tumble of more than 20 per cent from last year. The benchmark price for apartments was $411,500.
Condo apartment inventory is also building, another sign of a soft market.
“There is a variety of compounding factors in play (with condos), including an increase in new construction, elevated financing costs and rising strata fees reducing affordability — especially for first-time buyers,” said Czan. ‘But also, we’re seeing neighbourhood-specific factors impacting demand.” (Strata fees are monthly condo fees paid by owners to manage and maintain the property.)
The average price of all homes sold in June 2025 was $723,152, a five per cent increase over June 2024.
There were 2,933 new residential properties listed, almost 14 per cent more than last year. Months of inventory came in at 2.7, about the same 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.
