Spring typically signals renewed energy in the Ottawa real estate market, but March 2025 painted a more nuanced picture. With inventory continuing to build and sales volume sitting below historical averages, both buyers and sellers are navigating a market that’s slowly shifting. Let’s take a closer look at how prices, listings, and activity are shaping up as we head into the busiest season of the year.
March 2025 at a Glance
Inventory Levels in March 2025
In March 2025, the Ottawa Real Estate Board (OREB) saw 1,103 residential properties sold across the Ottawa real estate market. This represents a 6.2% decrease compared to March 2024. Sales remained 24.0% below the five-year average and 19.3% below the ten-year average.
March saw 2,221 new listings (+4.1%), 0.7% above the five-year average and 2.2% above the ten-year average. There were 4,319 active listings (+60.3%), 92.7% above the five-year average and 49.5% above the ten-year average.
Home Prices in March 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 $626,200 (+2.2%). Breaking it down by property type:
- Single-Family Homes: $698,700 (+2.7%)
- Townhomes/Row Units: $431,200 (+3.0%)
- Apartments: $400,900 (-4.3%)
The average sale price for all homes sold in March 2025 was $685,866 (unchanged from March 2024). While this figure can vary from month to month, it offers a helpful snapshot of overall price trends and long-term market movement.
March’s numbers highlight a market in transition. Notably more choice for buyers, steady price trends, and room for negotiation. Whether you’re planning a spring move or simply keeping tabs on market shifts, it’s a good time to reassess your strategy.
Curious how this applies to your home, neighbourhood, or goals? Let’s connect.
