Ottawa Real Estate Market Update – July 2025

Aug 7

As summer winds down, Ottawa’s real estate market continues to show its seasonal patterns, with a few surprises in the mix. Whether you're looking to buy this fall or considering listing your home, the numbers from July offer some key insights worth paying attention to.

Here’s a breakdown of what happened last month and what it could mean for your next move.

Market Snapshot – July 2025 at a Glance

Property Type Summary (formerly in table format)

Detached Homes
Average Price: $852,619
Days on Market: 21 (flat year-over-year)
Sales Activity: 674 sales (down 3.4%)
Inventory: 3.2 months
Townhouses
Average Price: $560,919
Days on Market: 24.5 (up 5.5 days)
Sales Activity: 436 sales (up 22.5%)
Inventory: 2.3 months
Condos
Average Price: $430,836
Days on Market: 37 (up 10 days)
Sales Activity: 181 sales (down 23%)
Inventory: 4.6 months

Detached Homes: Still the Preferred Pick

Detached properties remain the most sought-after style in Ottawa.

Average Price: $852,619 (up 3.5% from last July)
Time to Sell: 21 days (same as last year)
Sales Volume: 674 homes sold, down 3.4%
Year-to-Date: Sales up 3.9%, average price up 3.5%

What This Means:
Despite a dip in sales volume, pricing and pace suggest strong, sustained interest, especially in well-presented, move-in ready homes. With just over three months of inventory, demand continues to outweigh supply.

For Buyers: Be prepared to act quickly on desirable detached homes, particularly in top neighborhoods.
For Sellers: If your home shows well and is priced right, it’s likely to attract attention this fall.

Townhouses: Where the Action Is

The townhouse market saw the biggest jump in buyer activity across all property types.

Average Price: $560,919 (down 2.5% year-over-year)
Sales Volume: 436 homes sold (up 22.5%)
Days on Market: 24.5 days (up 5.5 days)
Inventory: 2.3 months
Year-to-Date: Sales up 13.1%, average price up 0.5%

What This Means:
Buyers are seeing value in townhouses, especially as detached homes remain expensive. The sales jump indicates renewed confidence in this segment, driven by affordability and low-maintenance appeal.

For Buyers: This is a good window of opportunity. With prices slightly lower and inventory still available, townhouse shopping is a smart move this season.
For Sellers: Demand is strong. Focus on curb appeal, fresh finishes, and move-in readiness to stand out.

Condos: Opportunity in the Slowdown

Condos had a slower month with declining sales and longer time on market.

Average Price: $430,836 (down 2% year-over-year)
Sales Volume: 181 homes sold (down 23%)
Days on Market: 37 days (up 10 days)
Inventory: 4.6 months
Year-to-Date: Sales down 18.4%, average price down 0.4%

What This Means:
Buyers now have more choices and more time to make decisions in the condo segment. It's a buyer-friendly environment with room for negotiation. Sellers will need to work harder to stand out.

For Buyers: You have options and time. Be strategic and look for undervalued opportunities with help from your agent.
For Sellers: Presentation is everything. Staging, professional photos, and a competitive price are essential in this market.

What to Expect This Fall

We’re heading into what could be an active fall season. While July brought slower sales in some areas, underlying demand remains strong, particularly among buyers who have been waiting for more inventory, improved rates, or who are just returning from summer break.

With inventory levels still relatively low in the townhouse and detached home segments, well-prepared listings are positioned to perform well.

If you're thinking about selling: Now is the time to prepare—repairs, staging, and pricing strategy are key. Buyers are active and watching.
If you're planning to buy: Fall brings new listings and motivated sellers. Get pre-approved and stay updated so you’re ready to act when the right home appears.

Let’s Chat About Your Plans

Whether you’re considering selling, ready to begin your home search, or just want to talk strategy, I’m here to help.

Reach out for a personalized consultation or a no-pressure conversation about where the market is heading this fall.