As winter winds down, February brought continued signs of recalibration in the Ottawa real estate market. While sales activity remained slower than this time last year, inventory levels continued to climb, giving buyers more choice and indicating a shift toward more balanced conditions. Here’s a breakdown of how the market performed in February 2025.
February 2025 at a Glance
Inventory Levels in February 2025
In February 2025, the Ottawa Real Estate Board (OREB) saw 809 residential properties sold across the Ottawa real estate market. This represents a 10.2% decrease compared to February 2024. Sales remained 19.1% below the five-year average and 15.4% below the ten-year average.
February saw 1,668 new listings (+4.8%), 10.8% above the five-year average and 6.7% above the ten-year average. There were 3,735 active listings (+61.4%), 95.7% above the five-year average and 51.4% above the ten-year average.
Home Prices in February 2025
The benchmark price represents the value of a typical home in a given category. The benchmark price for all property types across the Ottawa MLS® system was $658,300 (+4.4%). Breaking it down by property type:
- Single-Family Homes: $719,800 (+1.3%)
- Townhomes/Row Units: $438,000 (-11.6%)
- Apartments: $459,300 (+4.5%)
February’s numbers tell a story of transition. More listings, steady prices, and fewer sales suggest buyers are taking a cautious approach prior to spring, while sellers are adjusting to a slower pace. Whether you’re planning a move or simply watching from the sidelines, understanding the latest stats can help you make informed decisions in a changing market.
Have questions about what this means for your next step? I’m always happy to chat.
