The September 2025 resale market dipped for the third straight month, but most signs point to Ottawa’s resale resilience and a balanced market, according to the Ottawa Real Estate Board.
Realtors sold 1,089 homes in September, down from 1,236 in August and 1,318 in July, respectively, but also up more than two per cent compared to the same month last year and with average prices slightly higher as well despite rising inventory.
As usual, single-family homes constituted the bulk of sales in September at 561, followed by townhomes (343) and condo apartments (164).
“When you peel back the layers, you see that townhomes are driving stability while single-family homes are easing,” said board president Paul Czan in a statement. “And while Ottawa’s diversity of housing continues to increase inventory, missing middle housing — like townhomes — still aren’t being built fast enough.”
Year-to-date, there have been 11,025 home sales, almost four per cent higher than at this time in 2024.
Prices, listings and inventory by the numbers
The 2025 September resale market saw varied numbers across housing types. Single-family homes sold for an average $697,200, up one per cent from a year ago. Townhomes saw a large jump at almost eight per cent to an average price of $462,800. Condo apartments suffered their seventh straight month of declining prices, selling in September for an average of $408,200.
The average year-to-date price in 2025 is $699,910, an increase of almost three per cent over the first nine months of 2024.
September saw 2,832 new residential listings and 4,388 active listings. In both cases, that was more than 19 per cent higher than the same month last year.
Months of inventory, a measure of supply, sat at four months in September, up from 3.2 months in August. Four months of inventory is typically understood to indicate a balanced market, according to the board.
