Market Update: Ottawa Real Estate November 2025
What Happened This November: What It Means for Buyers and Sellers
November brought a noticeable shift in the Ottawa Real Estate Market November 2025, as activity slowed more than we typically see for this time of year. Early winter weather, economic caution, and buyer hesitation all played a role. Sales dropped to 864 homes, down 18.3% compared to November 2024, even though new listings increased.
At the same time, inventory rose. New listings climbed 9.3% year over year to 1,425, giving Buyers more choice and reducing the urgency we’ve seen over the past few years. Months of inventory increased from 2.6 to 4.2 months, signaling a move toward a more balanced, but slightly softer market.
Prices, however, have remained relatively stable. The average sale price across all property types came in at $680,496, up just over 2% from last year. This tells us demand hasn’t disappeared, it’s simply more selective.
Ottawa Real Estate Market Home Prices at a Glance
While overall market activity slowed, price trends varied widely depending on housing type. Here’s how each segment performed in November 2025 compared to November 2024.
Single-Family Homes
Average Price: $834,489
Change: +4.9%
Single-family homes continue to anchor Ottawa’s market. Despite fewer sales, prices rose again, driven by limited supply and steady demand from move-up Buyers and families. Well-located, well-priced homes are still attracting strong interest, especially those that show well and are realistically priced from day one.
Townhomes & Row Units
Average Price:$543,777
Change:-6.6%
Townhomes are feeling the impact of rising inventory. New listings increased sharply, giving Buyers more negotiating power. While demand is still there, pricing pressure has eased, and Sellers need to be more strategic. This segment is shifting away from the rapid price growth we saw in previous years.
Apartments & Condos
Average Price: $452,668
Change: +7.2%
Condos remain the most supply-heavy segment in Ottawa. Sales dropped by more than a third year over year, while inventory climbed significantly. Even though average prices are holding up on paper, the 7+ months of inventory tells a different story, Buyers have options, and Sellers must compete on price, condition, and value.
This is a segment we’re watching closely, especially as new condo and rental projects continue to come online.
What This Means for You
With all these numbers in mind, what do they actually mean for you as a Buyer or Seller in Ottawa? Here are the key takeaways.
for buyers
This is the most balanced market Buyers have seen in years. You have more inventory to choose from, less competition, and stronger negotiating power, especially in the townhome and condo segments. Interest rate cuts are also improving affordability, making winter a quieter but strategic time to buy.
for sellers
Pricing strategy is everything right now. Buyers are cautious and informed, and overpricing will lead to longer days on market. Single-family homes remain the strongest segment, but townhome and condo Sellers need to be especially mindful of competing listings.
The good news? Serious Buyers are still active, they’re just more selective. Homes that are priced correctly, staged well, and marketed properly are still selling.
Why Work With PREMIER
At PREMIER, we don’t just look at headlines, we study the numbers behind the market. We track inventory shifts, price trends, and neighbourhood-level data every month because we live and work right here in Ottawa.
Whether you’re buying your first home, selling your current one, or searching for the perfect place to call home, we guide you with real insight, not guesswork. Our job isn’t just to help you buy or sell, it’s to help you make confident decisions in a changing market.
If you want a breakdown by neighbourhood or housing type, we’re always happy to share the inside scoop.
Stay Updated on Real Estate Trends
For more information and personalized guidance on navigating today’s housing market, contact PREMIER Real Estate today!
