Ottawa Real Estate Board

The number of homes sold through the MLS® System of the Ottawa Real Estate Board totaled 1,089 units in September 2025. This was up modestly by 2.4% from September 2024.

Home sales were 0.4% below the five-year average and 13.3% below the 10-year average for the month of September.

On a year-to-date basis, home sales totaled 11,025 units over the first nine months of the year, a minor increase of 3.9% from the same period in 2024.

The MLS® Home Price Index (HPI) tracks price trends far more accurately than is possible using average or median price measures. The overall MLS® HPI composite benchmark price was $627,200 in September 2025, increasing by 1.1% compared to September 2024.

The benchmark price for single-family homes was $697,200, a modest gain of 1% on a year-over-year basis in September. By comparison, the benchmark price for townhouse/row units was $462,800, up by 7.8% compared to a year earlier, while the benchmark apartment price was $408,200, a minor decrease of 1.7% from year-ago levels.

The average price of homes sold in September 2025 was $690,397, a slight gain of 0.3% from September 2024.

The more comprehensive year-to-date average price was $699,910, increasing by 2.7% from the first nine months of 2024.

OREB cautions that the average sale price can be useful in establishing trends over time but should not be used as an indicator that specific properties have increased or decreased in value. The calculation of the average sale price is based on the total dollar volume of all properties sold. Price will vary from neighbourhood to neighbourhood.

The dollar value of all home sales in September 2025 was $751.8 million, up 2.8% from the same month in 2024.

The number of new listings was up by 19.3% from September 2024. There were 2,832 new residential listings in September 2025. This was also the largest number of new listings added in the month of September in history.

New listings were 21.8% above the five-year average and 29.4% above the 10-year average for the month of September.

Active residential listings numbered 4,388 units on the market at the end of September, an increase of 19.4% from the end of September 2024. Active listings haven’t been this high in the month of September in more than five years.

Active listings were 40.4% above the five-year average and 35.1% above the 10-year average for the month of September.

Months of inventory numbered 4 at the end of September 2025, up from the 3.5 months recorded at the end of September 2024 and above the long-run average of 2.8 months for this time of year. The number of months of inventory is the number of months it would take to sell current inventories at the current rate of sales activity.