Market Update: Ottawa Real Estate July 2025
What Happened This July — And What It Means for Buyers and Sellers
Ottawa’s real estate market saw another shift in July as both inventory and buyer activity picked up. Compared to July 2024, we saw more homes coming to market, more homes being sold, and some variation in price trends depending on the type of property.
With 2,549 new listings (up 11.7%) and 1,318 homes sold (up 4.9%), activity across the board increased. The months of inventory dropped slightly to 2.9, indicating a still-active market with more options for buyers, but also showing that sellers continue to have the upper hand in certain segments. Let’s dive into the price breakdown.
Ottawa Real Estate Market Home Prices at a Glance
Single-Family Homes
Average Price: $852,619
Change: Up 3.5% from July 2024
Detached homes continue to perform strongly, with steady demand pushing prices higher. Families and move-up buyers are still drawn to more space and outdoor access — especially in established suburban neighbourhoods. The price growth suggests sellers in this category are still seeing solid returns.
Townhomes & Row Units
Average Price: $560,919
Change: Down 2.5% from July 2024
The townhome market experienced a modest dip this July. While still popular among first-time buyers and downsizers, rising borrowing costs have slightly cooled this segment. More listings and less urgency are giving buyers a bit more breathing room — but well-priced, move-in ready homes are still moving quickly.
Apartments & Condos
Average Price: $430,836
Change: Down 2.0% from July 2024
Condos and apartment-style units saw a small year-over-year price decline. With more inventory available and longer time on market, buyers are being more selective. This presents opportunities for investors and first-time buyers who’ve been waiting for more affordable entry points into the market.
What This Means for You
for buyers
If you’ve been on the sidelines, this could be your window. With more listings and slightly longer days on market, buyers have a bit more negotiating power — especially in the condo and townhome segments.
Detached homes are still competitive, but not as frenzied as earlier in the year. Having a strong strategy and pre-approval in place gives you an edge when the right home comes up.
Whether you’re a first-time buyer or moving into a new chapter, today’s market offers opportunities with a more balanced playing field. Knowing where to look — and how to act — is key.
for sellers
Detached homes continue to shine, with price growth and quick sales in many neighbourhoods. If you’re thinking of selling, now’s a strong time to list — especially with inventory still below long-term averages.
Townhome and condo sellers may need to lean into smart pricing, staging, and marketing. Buyers are more cautious in these segments, but clean, well-located homes are still drawing attention.
Every property type is behaving differently. If you’re unsure about timing, pricing, or prep, our team can help position your home for success based on current demand.
Ready to Make Your Move with PREMIER?
Whether you’re buying, selling, or simply watching the market, our team at PREMIER has the insights to guide you. Every neighbourhood, every property type — we break down what matters most to you and your next step.
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