06/04/2026
The Ottawa housing market picked up seasonally from April, but the market continues to trail 2025 levels. Elevated inventory means buyers have more choice, and sellers need to price strategically. Economic uncertainty and cautious consumer confidence will be key factors heading into summer.
Here’s a quick snapshot of Ottawa’s housing market for May 2026:
📊 SALES & ACTIVITY
• 1,616 homes sold in May — up from April, but down 10.6% vs. May 2025
• Year-to-date sales are down 6.3% compared to last year
• The market remains balanced, with a sales-to-new-listings ratio of 48.2%
💰 PRICES
• Average sale price: $721,270 (up from April, down ~0.9% year-over-year)
• Median sale price: $660,000 (up from April, down 1.6% year-over-year)
• Single-family homes held firm — average price essentially flat year-over-year
• Townhomes and condos saw modest price softening
🏘️ INVENTORY
• Active listings: 4,917 — up 12.2% year-over-year
• New listings: 3,351 — down slightly from last May
• Months of inventory: 3.0 — balanced, but supply continues to accumulate
Have questions? Send me a DM to connect 📲
