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.
Ottawa is broadly balanced
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.
How market balance is measured
Sales-to-new-listings ratios, months of inventory, days on market and sale-to-list price all help show leverage.
Different segments tell different stories
Downtown condo apartments can behave differently from suburban single-family homes at the same time.
What a buyer should do
Use balanced conditions to negotiate thoughtfully, but do not assume every property has weak competition.
What a seller should do
Price close to market reality and prepare the home well; balanced markets punish optimistic pricing faster than tight seller's markets.
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.