As of July 2026, the Ottawa Real Estate Board reported 1,325 residential sales in the Ottawa area. The average sale price was $683,308, the median was $635,000, and the composite benchmark price was $634,000. There were…
As of July 2026, the Ottawa Real Estate Board reported 1,325 residential sales in the Ottawa area. The average sale price was $683,308, the median was $635,000, and the composite benchmark price was $634,000. There were 4,678 active listings and 3.5 months of inventory. Those figures point to a generally balanced market, but conditions vary meaningfully by neighbourhood and property type. The answer to this question depends on whether you are looking at detached homes, townhouses, condos or a specific part of the city.
Over asking is not a market by itself
A home can sell over asking because it was intentionally priced low. Another can sell below asking and still achieve full market value.
Ottawa's current sale-to-list context
In July 2026 homes sold for an average of 97.8% of their listing price, suggesting broad conditions were not defined by widespread bidding above list.
Where competition still happens
Well-priced homes in sought-after pockets can attract multiple buyers even in a balanced market.
Do not use list price as value
Comparable sales are a better guide than the seller's asking number.
For sellers
Choose a pricing strategy based on local evidence, not on stories from a different neighbourhood or a different year.
A practical next step
Market-wide statistics are useful, but the number that matters most is the one for the property type and neighbourhood you are actually considering. A local Ottawa agent can pull recent comparable sales and active competition for a more precise view.