Ottawa Housing Market Update – February 2025

The Ottawa real estate market in February 2025 saw stabilizing prices and a surge in inventory, creating a more balanced environment for buyers and sellers. Whether you're looking to make a move or just staying informed, here’s what you need to know.

Key Market Insights

• 809 homes sold, a 10.2% decrease from February 2024.

• Average home price: $669,945, up 1.4% year-over-year.

• Median home price: $632,500, up 2.3% year-over-year.

• New listings: 1,668 homes, a 4.8% increase from last year.

• Active listings: 3,735 homes, a 61.4% increase, giving buyers more choices.

• Homes sold in an average of 19 days, similar to last year.

• Sales-to-New Listings Ratio: 48.5%, indicating a balanced market.

  
  

What’s Happening in the Market?

The biggest shift this month is the increase in available homes. Active listings are up 61.4%, meaning buyers have more options and negotiating power. This shift reduces competition and makes the market less intense than previous years.

Home prices are showing steady, moderate growth rather than extreme spikes. The 1.4% increase in average price suggests a healthier market, where homes remain valuable but affordability isn't spiraling out of control.

Despite higher inventory, homes are still selling relatively quickly. Properties spent an average of 19 days on the market, meaning well-priced and well-presented homes are still attracting buyers fast.

However, the 10.2% drop in sales activity suggests that some buyers are holding back, possibly due to seasonal factors or mortgage rate uncertainty.

What This Means for You

🏡 Selling?

More listings mean more competition. Pricing your home correctly and ensuring strong presentation is key to selling quickly and at a good price.

🔍 Buying?

Now is a great time. More inventory means less pressure, more choices, and better negotiating power.

⚖️ Market Stability?

The days of extreme bidding wars are fading, but demand is still steady. Expect a balanced and predictable market in the coming months.

📢 Ready to Make a Move?

If you're thinking about buying or selling, let’s discuss how these trends impact your home’s value and the best strategies for navigating this evolving market.

📩 Reach out today for a personalized market assessment!