The Ottawa real estate market continued to show strong activity in May 2025. According to the Ottawa Real Estate Board (OREB), a total of 1,807 homes were sold through the MLS® System—marking a 33.1% jump from April and a 14.9% increase compared to May 2024. Sales also came in 2.5% above the five-year average for the month.
Home Prices – May 2025
The MLS® Home Price Index (HPI) provides a more accurate picture of price trends than average or median prices. Here’s a breakdown of benchmark prices by property type:
- Overall MLS® HPI composite benchmark price: $629,800 (+0.8% year-over-year)
- Single-family homes: $700,000 (+0.6%)
- Townhomes/Row units: $446,900 (+3.4%)
- Apartments: $404,700 (–3.6%)
Meanwhile, the average sale price across all residential properties in May was $728,623, representing a 4.8% increasefrom May 2024. This brought the total dollar volume of sales to $1.316 billion, up 20.4% year-over-year.
Inventory & Listings
New listings: 3,430 new residential properties were added in May, up 8.7% from last year and 15.8% above the five-year average.
Active listings: 4,347 properties were available at month’s end—13.5% higher than in May 2024 and 54.2% above the five-year average.
Months of inventory: Steady at 2.4 months, unchanged from the same time last year.
Note: OREB is currently unable to provide the 10-year average due to the transition to the PropTx platform.
Townhouse/row unit classification includes both “Att Row Twnhouse” and “Condo Townhouse” per the Canadian Real Estate Association (CREA).
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