Courtesy of The MacGowan Team

June Housing Market Posts Annual Gain Despite Summer Slowdown

DOWN 0.6% year-to-year $411,500 apartment

$707,600 single family UP 1.6% year-to-year

BENCHMARK PRICES

2.7 MONTHS OF INVENTORY

2,933 NEW LISTINGS 1,602 SOLD LISTINGS

4,350 ACTIVE LISTINGS

OTTAWA, July 8, 2025 - A total of 1,602 homes were sold through the MLS® System of the Ottawa Real Estate Board (OREB) in June 2025. “This was the busiest June we’ve seen in quite some time, with sales up 10.6% and new listings rising nearly 14% year over year, signifying we did, in fact, experience a delayed spring market,” says OREB President Paul Czan. “We’re seeing more inventory hit the market, giving buyers more choice. With the changing market conditions, sellers need to be future-focused—pricing thoughtfully and preparing their homes to be one of the top picks in their area.” The overall MLS® HPI composite benchmark price was $634,300 — a 1.6% increase from June 2024. The benchmark price for single family homes was $707,600, up 1.6% year-over-year. By comparison the benchmark price for townhouse/ row units was $467,900, a 9.0% increase from 2024. There were 2,933 new residential listings in July 2025. Months of inventory remained steady at 2.7 in June 2025. Statistics reflect market activity in June 2025 | Source: OREB ® Ottawa Real Estate Board | Market values stated are of the benchmark of Ottawa and surrounding region. Individual home market values will vary and are affected by factors such as location, size, interior and exterior condition. Please call to get an up-to-date evaluation of your home.

Direct. 613-859-1317 Mike@MacGowanTeam.com www.MacGowanTeam.com

Mike MacGowan REALTOR ® 613.859.1317

Ken MacGowan B.Comm., CPA, CMA, Real Estate Broker 613.791.5480

Daren MacGowan REALTOR ® 613.324.5294

Each Office Independently Owned and Operated. 747 Silver Seven Rd UNIT 29, Ottawa, ON K2V 0H2 Affiliates Realty Ltd., Brokerage

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