Ottawa Real Estate Board

The number of homes sold in Ottawa totaled 1,325 units in July 2026. This edged up 0.2% (two sales) from July 2025. Residential sales haven’t hit this level in the month of July in five years.

Home sales were 10.8% above the five-year average and 4.6% below the 10-year average for the month of July.

On a year-to-date basis, home sales totaled 8,288 units over the first seven months of the year. This was a decline of 5.2% from the same period in 2025.

The MLS® Home Price Index (HPI) tracks price trends far more accurately than is possible using average or median price measures. The overall MLS® HPI composite benchmark price was $634,000 in July 2026, edging down 0.5% compared to July 2025.

The benchmark price for single-family homes was $725,000, up only 0.7% on a year-over-year basis in July. By comparison, the benchmark price for townhouse/row units was $542,500, down by 5.1% compared to a year earlier, while the benchmark apartment price was $385,500, a decrease of 5.2% from year-ago levels.

The average price of homes sold in July 2026 was $683,308, down modestly by 1.6% from July 2025.

The more comprehensive year-to-date average price was $699,761, essentially unchanged, down just 0.4% from the first seven months of 2025.

OREB cautions that the average sale price can be useful in establishing trends over time but should not be used as an indicator that specific properties have increased or decreased in value. The calculation of the average sale price is based on the total dollar volume of all properties sold. Price will vary from neighbourhood to neighbourhood.

The dollar value of all home sales in July 2026 was $905.4 million, was a small reduction of 1.5% from the same month in 2025.

The number of new listings edged down 0.8% from July 2025. There were 2,530 new residential listings in July 2026.

New listings were 10.6% above the five-year average and 15.4% above the 10-year average for the month of July.

Active residential listings numbered 4,678 units on the market at the end of July, a gain of 9.3% from the end of July 2025. Active listings haven’t been this high in the month of July in a decade.

Active listings were 29.5% above the five-year average and 44.5% above the 10-year average for the month of July.

Months of inventory numbered 3.5 at the end of July 2026, up from the 3.2 months recorded at the end of July 2025 and above the long-run average of 2.4 months for this time of year. The number of months of inventory is the number of months it would take to sell current inventories at the current rate of sales activity.