Ottawa’s housing market is picking up steam as we head into the heart of summer. With 1,602 homes and condos sold in June, the city is seeing renewed energy and confidence from both buyers and sellers. That’s a healthy 10.6% increase from June 2024—proof that momentum is building after a slower spring.

Inventory is also rising to meet demand, with nearly 3,000 new residential listings hitting the market last month—a 6.6% boost from the same time last year. In total, over 4,300 properties were active on the market by the end of June, offering buyers more choice and opportunity across a range of price points.

Prices are trending upward, too. The average sale price reached $723,152 in June, reflecting a 5.2% year-over-year increase. Even the benchmark MLS® HPI price saw positive movement, landing at $634,300—up 1.5% from last year. For homeowners, this continued price growth is an encouraging sign of a stable, appreciating market.

While apartments are seeing a slight slowdown due to higher financing costs and more competition from new builds, other segments of the market are thriving. Detached homes, townhomes, and family properties remain in high demand—especially as families plan their moves before the school year begins.

Looking ahead, the outlook remains bright. As seasonal trends return and buyer activity picks up, many are expecting a strong second half of the year. With more listings, motivated buyers, and the potential for changing interest rates, there’s a lot to be excited about in Ottawa’s real estate scene.

Even the luxury market is showing strength, with two multi-million-dollar homes selling in June—one in Manotick and another in Beacon Hill—each closing at over $3.4 million. These high-end sales are a testament to the market’s depth and ongoing resilience.

Whether you’re buying, selling, or watching from the sidelines, Ottawa’s real estate market is heading in a positive direction. There’s real energy in the air this summer—and it’s just getting started.