The Ottawa real estate market has shown resilience amid changing conditions. In February 2025, the average home price was $669,945, marking a 1.4% increase from the previous year. Despite a 10.2% decline in the number of homes sold compared to February 2024, the market remains steady. Notably, new residential listings rose by 4.8%, indicating a growing inventory. For potential buyers and sellers, understanding these trends is crucial to making informed decisions. Partnering with a knowledgeable real estate professional can provide valuable insights into market dynamics and help navigate the complexities of buying or selling a home in Ottawa.
Original Article Source: https://www.oreb.ca/newsroom/2025/
