November 2025 at a Glance
As the Ottawa real estate market moved further into the late fall season, November reflected a continued moderation in activity. Sales levels eased compared to both last year and the previous month, consistent with typical seasonal patterns. At the same time, inventory levels remained elevated, offering buyers more choice while reinforcing a more balanced market environment. Although changes to benchmark price reporting limited month-over-month comparisons, overall pricing trends continued to demonstrate stability as the year approaches its close.
Inventory Levels in November 2025
In November 2025, the Ottawa Real Estate Board (OREB) saw 864 residential properties sold across the Ottawa real estate market. This represents an 18.3% decrease compared to November 2024. November saw 1,425 new listings (+9.0%) and 3,628 active listings (30.1+%).
Home Prices in November 2025
The benchmark price is commonly used to represent the typical value of a home in Ottawa. However, CREA and the Ottawa Real Estate Board have recently updated the methodology used to calculate benchmark prices to better reflect local market conditions. As this revised approach is being implemented, benchmark prices were not reported this month.
The average sale price for all homes sold in November was $683,783 (+2.3%). While this figure can vary from month to month, it offers a helpful snapshot of overall price trends and long-term market movement.
November’s market data underscores Ottawa’s ongoing resilience, even as activity slows toward year-end. Increased inventory continues to support buyer choice, while steady average sale prices point to sustained confidence across the market. As updated benchmark pricing methodologies are rolled out in the months ahead, they will provide clearer insight into evolving market conditions. For now, Ottawa’s housing market remains well-positioned heading into the final stretch of 2025, supported by balanced fundamentals and long-term stability.
