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🏠 March Market Recap: What’s Going On?
March 2025 was a calm but interesting month in Ottawa real estate. The number of homes sold went down by 6% compared to last year, but the spring season is waking up and more people are starting to look at homes again.
📉 Home Sales Slowed Down
- 1,103 homes were sold in March.
- That’s less than last year and lower than the usual March numbers.
- People may be waiting due to the economy and the upcoming election.
Still, with low interest rates, more buyers are getting back into the market.
💰 Are Prices Going Up?
- Average home price: $685,866 (same as last year)
- MLS® Benchmark Price: $626,200 (up 2.2%)
By property type:
- 🏠 Single-family homes: $698,700 (up 2.7%)
- 🏘️ Townhouses: $431,200 (down 8.0%)
- 🏢 Apartments: $400,900 (down 4.3%)
📦 More Homes to Choose From
- Active listings: 4,319 homes — a 60% increase from last year!
- New listings in March: 2,221 homes (up 4.1%)
This means more choice for buyers — and a less stressful search.
⏳ How Long Are Homes Staying on the Market?
- Average time to sell: 19 days
- Months of inventory: 3.9 (it was just 2.3 last year)
This means homes are taking a little longer to sell, and the market is less rushed than before.
🏗️ What’s Next for Ottawa?
The Ottawa Real Estate Board says it’s important for the city to keep working with builders to bring more housing options. They’re happy to see progress with the city’s new zoning plans, which could help more people find the right home.
📞 Let’s Talk About Your Next Move
If you’re thinking about buying or selling, or just want to understand the market better — let’s chat! We’re here to help you make smart, stress-free real estate decisions.
