October Real Estate Statistics

Ottawa's real estate market continued to shift toward more balanced conditions in October, with increased inventory giving buyers more choice and putting some pressure on prices.

The average residential sale price was $678,512, down 4.5% from October 2025. Single-family homes averaged $823,204, while townhomes came in at $528,732, down 3.8% and 5.0% respectively year-over-year.

Inventory remains an important part of the story. Active residential listings increased 6.4% compared to last year, with 4.4 months of inventory across the market. Townhomes continue to move relatively well, with 3.6 months of inventory, while single-family homes sit at 4.0 months.

Condo apartments remain the most challenging segment, with 7.4 months of inventory and an average of 34 days on market. With more options available, buyers can afford to be selective, making pricing and presentation particularly important for sellers.

Overall, we're seeing a market where buyers have more negotiating room, but well-priced, beautifully presented properties can still attract strong interest. As always, the numbers tell part of the story, but conditions can vary significantly by neighbourhood, property type and price point.

Source: Canadian MLS® Systems, CREA