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Market Update: Ottawa Real Estate May 2025

Posted by premierottawa on June 5, 2025
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A Detailed Breakdown for Buyers and Sellers in a Ottawa Real Estate Market

The May 2025 market stats are in—and they’re telling a powerful story about Ottawa’s real estate market. Whether you’re preparing to sell your home or planning to enter the market as a buyer, understanding the current trends can help you make informed and confident decisions.

In this market update, we’ll break down key data, analyze what it means, and provide tailored advice for buyers and sellers. From inventory levels to price trends, we’re diving deep into the numbers so you don’t have to.

Ottawa Real Estate March 2025 Update showing home price changes, new listings, and key housing trends for Buyers and Sellers

Market Overview – What the Numbers Are Telling Us

Single-Family Homes

Average Price: $870,788
Change:↑ 4.3% from May 2024

Detached homes in Ottawa continue to be in high demand. With prices up 4.3% year-over-year, this shows that families and move-up buyers are still prioritizing space, yards, and privacy. These homes are especially popular in suburban areas where people seek room to grow or work from home comfortably. Even with more listings available, strong buyer interest keeps prices rising.

If you’re buying, be prepared for competition. If you’re selling, this is still a good time to list—but pricing smartly is key.

Townhomes & Row Units

Average Price: $569,352
Change: ↓ 1.0% from May 2024

Townhomes are showing a slight price decrease, suggesting this part of the market may be shifting. This could be due to an increase in inventory, giving buyers more to choose from, or a softening in demand as buyers look toward condos or detached homes. However, townhomes still offer excellent value for first-time buyers and families who want space but can’t stretch to a detached home.

Buyers have negotiating room. Sellers should price carefully and highlight value—townhomes still appeal to budget-conscious buyers who need more space.

Apartments & Condos

Average Price:$492,359
Change:↑ 5.4% from May 2024

Condos are having a strong year, with the highest price increase among housing types. This rise in value reflects growing interest from first-time buyers, downsizers, and investors. Many buyers are drawn to condos for their lower price point, easy maintenance, and central locations. The increase also reflects that buyers who couldn’t afford townhomes or detached homes are turning to condos instead.

For buyers, speed matters—condos are in demand. For sellers, this is an opportunity to get top dollar, especially for well-maintained or upgraded units.

What This Means for You

for buyers - What to Expect in This Market

If you’re planning to buy a home in Ottawa, you’re entering a market where more homes are available, but competition is still strong—especially for single-family homes and condos.

You’ll need to be ready and informed. Homes are still selling quickly, especially when they are priced well and in good condition.

Here’s what can help:

  • Get pre-approved for a mortgage so you’re ready to act fast
  • Work with an experienced agent who knows the area
  • Take your time comparing options—there are more listings now
  • Don’t wait too long—prices are still rising in many areas

Buying today means having more choice than last year, but good homes are still going quickly. The right strategy makes all the difference.

for sellers - What You Need to Know

If you’re thinking of selling, you’re still in a good position—but it’s no longer “list it and forget it.” You’ll need a thoughtful approach. More homes are being listed, which means buyers can compare and take their time.

To get the best price:

  • Price your home correctly—don’t overprice or it could sit too long

  • Make your home shine—good photos, staging, and marketing matter

  • Be flexible and open to offers, especially in busy areas

  • Talk to a real estate professional to plan your next steps

🎯 Action Tip: Partner with an experienced team to create a pricing and promotion strategy that gets you top dollar.

What It Means for Ottawa’s Real Estate Market

Ottawa’s housing market is active, growing, and moving in a healthy direction. More people are listing homes, and more people are buying them. That’s a great sign.

While some home types (like townhomes) are seeing small drops in price, others (like condos and detached homes) are gaining value. Buyers are clearly motivated—and with stable inventory, Ottawa is not overheating, but staying strong.

This balance means:

  • Buyers have more options
  • Sellers still have strong demand
  • The market remains steady, not risky

In simple terms: Ottawa’s market is strong, steady, and full of opportunity—whether you’re buying your first home, upgrading, or downsizing.

Thinking of Buying or Selling? Let’s Talk Strategy That Works

Whether you’re looking to buy your first home, make a move, or sell a property you’ve outgrown, having the right plan can make all the difference. At PREMIER, we’re here to guide you every step of the way with local expertise, market data, and personal support.We live and breathe the Ottawa market—and we’ve got the data and local knowledge to help you win.

At PREMIER, we believe that buying or selling a home should feel exciting—not overwhelming.

We’ll help you:

  • Understand your options

  • Price or budget with confidence

  • Navigate changing conditions

  • Make smart, informed decisions that feel right for you

Let’s have a quick chat about your goals, and we’ll create a clear, simple plan that’s right for you. Your next move starts with a conversation.

Stay Updated on Real Estate Trends

For more information and personalized guidance on navigating today’s housing market, contact PREMIER Real Estate today!

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