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Housing Market Update for Ottawa, May 1, 2025. Ottawa had 1000 Residential Properties sell in April 2025, down 15.1%. 693 sales were freehold, down 17.5%, and 307 were condo sales, down 9.2% over last year. The average price for a home in Ottawa (including residential homes and condos) is now $695,625, a decrease of 1.9% over April, 2024. Breaking down the average prices into houses and condos: The average price for a freehold house in Ottawa for April was $805,934, down 1.3%. This includes detached singles, Townhouses and Semi-Detached homes. The average price for a condominium in Ottawa for April was $446,622 up 1.1%. This includes apartments, row units and stacked-style condos. How long does it take to sell a Home in Ottawa? Last month Freehold houses took 23 days to sell versus 21 days last year and Condominiums are taking 33 days to sell versus 31 days last year. Inventory Levels, how many homes are on the market? There were 2447 Residential Properties listed for sale at the end of last month within our territory. Is it a Buyer's, Seller's or Balanced Market? With an inventory of 2,447 homes and 1,000 sold, there are 2.4 months or 9.8 weeks of supply which translates to a Seller's Market. Average Price and Percent Change by property type in April. Single Detached Houses $912,777 Down by 0.8% Townhouses $663,871 Down by 1.1% Bungalows $748,699 Down by 6.5% 1 1/2 Storeys $748,582 Down by 24% 2 Storeys $807,467 Down by 1.0% 3 Storeys $875,062 Up by 1.5% Split Level $792,275 Up by 3.5% High Ranch $881,750 Up by 34% Condo 2 Storey $447,003 Up by 3.4% Condo Apartment $429,190 Down by 1.9% Condo 3 Storey $598,241 Up by 20.8% Find out how much your home is worth... https://agentinottawa.com/sellers/hom... CHAPTERS: 00:00 Introduction 00:18 Number of Residential sales 00:31 Average price for a residential home 00:43 How long to sell a house 00:53 Number of condos sold 01:04 Average price for a condo 01:14 How long for a condo to sell 01:25 Buyer or seller market 01:39 Month over month average price in Ottawa #OttawaRealEstateMarket #ottawarealestate #ottawaagent #ottawa