🏡 June 2025 Market Update: A Delayed Spring Brings Summer Momentum
The Ottawa real estate market saw a solid performance in June, despite the typical early summer slowdown. According to the Ottawa Real Estate Board (OREB), 1,602 homes were sold—down 11.34% from May, but up 10.6% from this time last year, making it one of the busiest Junes in recent memory.
“Sales and listings are both trending up compared to last year, showing that the spring market arrived late but didn’t miss its mark,” says OREB President Paul Czan. “Buyers are finally seeing more inventory and options, while sellers need to be future-focused—pricing thoughtfully and standing out in a more competitive environment.”
📈 Market Highlights:
- Benchmark Price (all property types): $634,300 (⬆️ 1.6% YoY)
- Single-family homes: $707,600 (⬆️ 1.6%)
- Townhouses: $467,900 (⬆️ 9.0%)
- Apartments: $411,500 (⬇️ 0.6%)
- Average Sale Price: $723,152 (⬆️ 5.2%)
- Total Sales Volume: $1.15B (⬆️ 16.3%)
🏘️ Inventory & Listings:
- New Listings: 2,933 (⬆️ 13.8%)
- Active Listings: 4,350 (⬆️ 11.6%)
- Months of Inventory: 2.7 (steady YoY)
Apartments are feeling the pinch—likely due to higher borrowing costs, rising condo fees, and new construction adding to supply. But for families and those looking to move before the school year, summer activity is expected to remain strong, setting the stage for a healthy fall market.
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