08/12/2026
Ottawa’s July real estate market is showing some encouraging signs as we head toward fall. 1,325 homes sold in July, almost the same as last year, which tells us buyer activity has stabilized. The average price was $683,308, down 1.6%, while the median price remained at $635,000, showing that overall prices are holding fairly steady. Buyers also have more choice, with 4,678 active listings, up 9.3% from last year.
Looking at different property types, single-family homes continue to be one of the strongest parts of the market, with sales up 5.0% year-over-year and the HPI benchmark up 0.6% to $725,000. Townhomes are seeing more competition, with active listings up 21.4% and the HPI benchmark down 5.1% to $542,500. Condo apartments remain the softer segment, with 5.4 months of inventory, a 5.2% decline in the HPI benchmark to $385,500, and homes taking a median of 41 days to sell.
Overall, Ottawa is becoming a more balanced market. Buyers have more options and time to compare, while sellers can still do well with the right pricing and strategy. The market looks different depending on the property type and neighbourhood, so the citywide numbers are only part of the story.
Thinking about buying or selling in Ottawa? Send me a message. We’d be happy to help you understand what the current market means for you.