March Real Estate Statistics

Spring is here — and so is a more nuanced Ottawa market. March 2026 data from CREA tells a story of resilience in some segments and softening in others, which means knowing where you're buying or selling has never mattered more.
 
The overall residential average sales price came in at $692,584, up 4.5% from February and a modest 0.9% higher than this time last year. With 3,578 active listings on the market — 10.3% more than last March — buyers are finding more breathing room than they've had in years. But the truth is, it's a very different story depending on where you are in the city and what type of home you're looking at. Properties that are well-priced, show exceptionally well, and sit in sought-after locations are still selling quickly — sometimes with multiple offers on the table. Meanwhile, in areas where inventory has built up, homes are taking noticeably longer to sell, particularly when they're priced above what the market will bear. The gap between a great listing and an average one has never been more meaningful.
 
Single family homes remain the most competitive corner of the market. At an average of $845,006, prices are holding near last year's levels (down just 0.5% year-over-year) and ticked up 1.7% from February. With only 3.0 months of inventory and an 18-day average days on market, well-priced single family homes are still moving quickly.
 
Townhomes are an interesting story this month. The average price of $562,513 is up 4.2% month-over-month and 0.7% year-over-year — solid performance. What's notable is that active townhome listings jumped 34.1% compared to last March, giving buyers meaningfully more selection in this price range. More options, but prices haven't softened yet.
 
Condos tell a different story. At an average of $401,656 — down 6.3% from February and 6.1% from last year — this segment is under real pressure. Days on market have stretched to 35.5, and with 5.5 months of inventory, it's leaning toward buyer's market conditions. For buyers, this may be one of the better entry points in recent memory. For sellers, pricing strategy is everything right now.
 
Whether you're thinking of buying, selling, or just keeping an eye on the market, I'm always happy to chat about what these numbers mean for your specific situation. Reach out anytime!
 
Source: Canadian MLS® Systems, CREA