About Ottawa Real Estate

June Property Statistics

Seasonal Activity Improves, but Ottawa’s May Market Remains Cautious Seasonal Activity Improves, but Ottawa’s May Market Remains Cautious
June 3, 2026

Ottawa’s housing market remained balanced in May, with activity improving from April but continuing to trail last year’s spring pace. A total of 1,616 homes sold in May, up from 1,336 in April, reflecting the typical lift as the spring market progressed. However, sales were down 10.6% compared to May 2025. These slower sales are becoming a theme thus far in 2026, even as the market remains active.

The sales-to-new-listings ratio rose to 48.2%, while months of inventory eased to 3.0, indicating, demand kept better pace with new supply than it did in April. Active listings remained elevated at 4,917, keeping pressure on sellers to price strategically.

Average prices across market segments were mixed, though overall pricing remained relatively stable. Single family home pricing was flat year over year, while average prices for townhomes and apartments saw modest declines. Overall pricing was less than one percentage point below last year's level, indicating continued market stability. The average residential sale price was $721,270 in May, up from $712,184 in April, and relative flat at 0.9% below May 2025. The median sale price followed a similar pattern, rising to $660,000 from $650,000 in April while remaining 1.6% lower than last May.

“The Ottawa market is not moving in one direction across all property types,” says OREB President, Tami Eades. “May brought the seasonal increase in activity we typically expect to see in Ottawa’s housing market, but sales continue to trail at last year’s pace. While economic uncertainty continues to influence consumer confidence, the key question moving into the summer market will be whether demand continues to keep pace with supply. The market remains active, but inventory levels, employment trends, and buyer confidence will all play an important role in shaping the months ahead.”

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1,616

Properties Sold

10.6%

Decrease in Homes Sold From May 2025

$721,270

Average residential price

$385,500

Benchmark price (condos)

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Chris MacDonald

Craig Dow turned that scary first time home buying process into a streamlined process. Always prompt with a great attention to detail. Good at asking the right questions to help you understand how you really feel. Patient and willing to work with you until the right property comes along. Quickly learns what you tend to like and dislike based off of your (sometimes non-verbal) reactions to previous showings. Works well under strict timelines and takes a lot of the stress out of the situation as he is prepared for seemingly anything and everything that could come up.

John Kellam

Craig helped me purchase my very first condo back in 2012. He was very patient, helpful and knowledgeable as he answered any and all questions and concerns that I had. He is very prompt, thorough and diligent in everything he does. He also provided me with many options for potential homes that he thought would suit my needs, which is why I didn't hesitate to ask him to be my realtor again when I moved last year. I have thoroughly enjoyed the smoothness and easiness both times that he has helped me and would highly recommend him to anyone looking for a similar experience!

Heidi Wong

Craig has gone above and beyond my expectations. From the very first conversation, Craig was intuitive, caring, and patient. He was honest and upfront about everything. Anything he didn't know/wasn't aware of, he was willing to admit, find out and got back to me very promptly. I couldn't have asked for a better Realtor and very grateful for everything Craig has done for me.

Tim and Liz

We were looking for a rural home and had Craig drive us around the Ottawa Valley for a few months, usually taking up all hours of the evening. He was incredibly patient, kind and honest when it was needed. Our time with Craig was enjoyable, and when it came time to get down to business he was incredibly professional, answered all questions we had (we had a lot as first time home buyers). Because of Craig's advice, we were able to land our first dream home. I truly believe that if we didn't listen to Craig we may not be in the house we are in now. I will thank him forever for that. Thank you for being assertive and knowledgeable. I would absolutely recommend Craig to anyone purchasing a home.