The November 2025 resale market took a step back, with early winter weather and an uncertain economy the culprits, according to the Ottawa Real Estate Board.
Realtors sold just 880 homes last month through the board’s Multiple Listing Service (MLS). That was down from 1,177 in October and more than 18 per cent lower than November 2024, when Realtors sold 1,059 homes.
Despite the slip in November, year-to-date sales, at 13,075, are running 1.5 per cent ahead of the same period last year.
Prices, listings & inventory
While some sales numbers and prices are not currently available across all housing types, the board reports that single-family homes sold for an average $825,827 in November, up almost five per cent compared to the same month last year.
Townhomes averaged $542,607 last month, down from both October and last year’s year-to-date number.
Condo apartment sales are down more than a third year-over-year, marking another month of market softness for this type of home.
“Ottawa’s apartment market is particularly important to watch in light of Toronto’s experience,” said the board’s report. “Toronto is working through one of the most significant buildups of condo inventory in recent memory, putting clear pressure on prices. Ottawa is not in the same position, but the increase in apartment inventory [a sign of market softness] is real.”
Townhome inventory is also elevated, according to the board.
New listings across all housing types were down in November compared to October but 10 per cent higher than November 2024.
“Months of inventory, a key measure of supply, rose overall from 3.6 in October to 4.2, reflecting what remains a generally balanced market,” said the board, while noting the disparity in months of inventory between property types.
