Ottawa Real Estate Market Update – April 2025

The spring market is in motion, and Ottawa homeowners are navigating a season of balance and opportunity. Whether you’re thinking of buying, selling, or just keeping an eye on your home’s value, here’s what happened in the local real estate market in March 2025—and what it means for you.

Key Market Stats

• 1,103 homes sold, a 6.2% decrease from March 2024

• Average home price: $685,866 (unchanged year-over-year)

• Median home price: $644,000 (up 1.8% YoY)

• New listings: 2,221 (up 4.1% YoY)

• Active listings: 4,319 (up 60.3% YoY)

• Average days on market: 19

• Sales-to-New Listings Ratio: 49.7%

• Months of inventory: 3.9

What’s the Story Behind the Numbers?

There’s one big takeaway this month: inventory is up—a lot. With a 60.3% increase in active listings, buyers now have more choices and breathing room. While homes are still selling in about 19 days on average, the pressure and urgency we’ve seen in past markets are softening.

Interestingly, prices are holding steady. The average price hasn’t changed much year-over-year, and the median is slightly up. This suggests Ottawa’s housing market is stabilizing, not slipping.

We also saw a small decline in sales activity, which could be due to seasonal shifts or buyer caution in light of recent economic developments, including interest rate adjustments and that "other stuff."

What This Means for You

If you’re selling: Now is the time to be strategic. With more homes on the market, pricing right and showcasing your home well are crucial. The good news? Serious buyers are still active, and homes are moving—just not as frantically.

If you’re buying: The playing field is more balanced than it’s been in a long time. More listings mean more negotiating power. Take your time and look for the right fit.

If you’re staying put: This is a great moment to review your mortgage and long-term goals. With home values holding strong, refinancing or planning improvements could be smart next steps.

Final Thought

Ottawa’s market is shifting into a more balanced pace. That’s good news for everyone—buyers get more time, sellers can still attract quality offers, and homeowners continue to build steady equity.

📩 Want to know what this means for your home? I’d be happy to chat—no pressure, just helpful insight.

-Shamil

Navigating Ottawa real estate so you don’t have to Google it.