Ottawa Real Estate Market Update, January 2025

Описание: Ottawa Real Estate Market Update, February 1, 2025. The average price for a home in Ottawa is now $655,141, an increase of 2.6% over January, 2024.
*(includes residential homes and condos)

Breaking down the average prices into houses and condos:
The average price for a freehold house in Ottawa for January was $762,911, up 4.1%. This includes detached singles, Townhouses and Semi-Detached homes.

The average price for a condominium in Ottawa for January was $440,817 up 4.4%. This includes apartments, row units and stacked-style condos.

Number of Home Sales versus last year.
Ottawa had 529 Residential Properties sell in January 2025, up 12.8%. (includes freehold and condos). 352 sales were freehold, up 8.0%, and 177 were condo sales, up 23.8% over last year.

How long does it take to sell a Home in Ottawa?
Last month Freehold houses took 46 days to sell versus 46 days last year and Condominiums are taking 52 days to sell versus 52 days last year.

Inventory Levels, how many homes are on the market?
There were 1,336 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 1,366 homes and 529 sold, there are 2.5 months or 10.1 weeks of supply which translates to a Seller's Market.

CHAPTERS
00:00 Introduction
00:17 Total Freehold homes sold
00:31 Average Price Freehold Homes
00:42 How long for Freehold Home to Sell
00:52 Total Condos sold
01:03 Average Price for a Condo
01:15 Is Ottawa a buyer or sellers market
01:36 Month over Month Prices 2025