The spring market may have arrived a little later than usual in Ottawa, but it came in with heat. According to the Ottawa Real Estate Board (OREB), both home sales and prices saw significant growth in May 2025, signaling renewed energy in the local market.
A total of 1,807 homes and condos changed hands last month—up 15% from May 2024 and a sharp 33% jump from April of this year. This surge is a strong indicator that buyers who may have hit pause during the federal election are now stepping back into the market with more confidence.
With inventory levels holding steady and over 3,400 new listings added to the market in May, the shift toward a more balanced playing field is underway. That’s good news for buyers, who may find more options and slightly more negotiating room. However, for sellers, it means pricing and presentation matter more than ever.
Average Home Price Now at $728K
The average sale price in Ottawa reached $728,623 in May—up nearly 5% from April and pointing to healthy market momentum. The MLS® HPI composite benchmark (which offers a more stable view than raw averages) rose modestly to $629,800, a 0.6% year-over-year increase.
Here’s how benchmark prices broke down by property type:
Townhouses/Row Units: $446,900
Condominiums: $404,700 (a 3.6% drop compared to last year)
Whether you're planning to upgrade, downsize, or enter the market for the first time, it's clear that timing and guidance are key in navigating this evolving landscape.
Ottawa’s High-End Market Still Active
Luxury real estate in Ottawa also made waves last month. According to Redfin, six homes sold for over $2.8 million in May. Among them:
A dairy farm on Sarsfield Road sold for $4.6 million
A four-bed, four-bath home in Manotick went for $3.2 million
Another five-bedroom home in the Glebe closed at $3.1 million
Several other prestigious properties in Westboro and Manotick fetched prices between $2.85M and $2.9M
The Bottom Line
Whether you're buying, selling, or simply keeping tabs on the market, May’s numbers highlight one thing: Ottawa real estate is active and evolving. If you're planning your next move, having a trusted local advisor on your side can make all the difference in navigating today’s market dynamics.
📩 Thinking of buying or selling in Ottawa? Let’s talk strategy—send me a message and let’s get started.
