Ottawa Real Estate Board

The number of homes sold through the MLS® System of the Ottawa Real Estate Board totaled 1,306 units in April 2025. This was a decline of 11.2% from April 2024.

Home sales were 17.6% below the five-year average and 16.2% below the 10-year average for the month of April.

On a year-to-date basis, home sales totaled 3,965 units over the first four months of the year, decreasing by 5.4% from the same period in 2024.

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 $631,200 in April 2025, a minor increase of 1.1% compared to April 2024.

The benchmark price for single-family homes was $703,200, a small gain of 1% on a year-over-year basis in April. By comparison, the benchmark price for townhouse/row units was $440,000, increasing by 4.4% compared to a year earlier, while the benchmark apartment price was $404,000, a modest decline of 2.8% from year-ago levels.

The average price of homes sold in April 2025 was $707,180, up only 0.4% from April 2024.

The more comprehensive year-to-date average price was $685,943, up modestly by 1.1% from the first four months of 2024.

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 April 2025 was $923.6 million, falling 10.8% from the same month in 2024.

The number of new listings saw a small reduction of 3.8% from April 2024. There were 2,589 new residential listings in April 2025.

New listings were 2.8% above the five-year average and 5.6% above the 10-year average for the month of April.

Active residential listings numbered 4,878 units on the market at the end of April, a substantial gain of 54.2% from the end of April 2024. Active listings haven’t been this high in the month of April in more than five years.

Active listings were 86.9% above the five-year average and 51.3% above the 10-year average for the month of April.

Months of inventory numbered 3.7 at the end of April 2025, up from the 2.2 months recorded at the end of April 2024 and above the long-run average of 2.1 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.