Ottawa Real Estate Market Update – August 2026

The Ottawa housing market continued to shift toward a more balanced environment in August, with buyers benefiting from increased inventory and more choice, while sellers faced a market where pricing and presentation remain especially important.

A total of 1,002 homes were sold through the MLS® System in August, representing an 18.6% decrease compared to August 2025. At the same time, new listings remained steady, while the number of homes available for sale increased, giving buyers more options and reducing some of the urgency seen in previous years.

Key Market Highlights

• 1,002 homes sold in August (-18.6% year-over-year)
• 2,119 new listings came to market (unchanged from August 2025)
• 4,496 active listings, up 11.3% from August 2025
• Average sale price: $688,253 (+0.3% year-over-year)
• Median sale price: $622,357 (-1.2% year-over-year)
• Months of inventory: 4.5, indicating increased buyer choice
• Homes sold for an average of 97.9% of their list price
• Median days on market: 29 days

What This Means for Buyers

For buyers, August's numbers point to a market with more selection and less pressure. With active listings up 11.3% and inventory reaching 4.5 months, buyers have more opportunities to compare properties and take the time to make a thoughtful decision.

While highly desirable and well-priced homes can still attract strong interest, buyers may have more room to negotiate and less need to feel rushed into making an offer. Stable average prices also provide some reassurance for those who have been waiting for the right opportunity to enter the market.

What This Means for Sellers

For sellers, the market is becoming increasingly competitive. With more homes available and sales activity down from last year, buyers have more choices—and that means homes need to stand out.

Pricing your property correctly from the beginning is more important than ever. The average 97.9% sale-to-list price ratio shows that buyers are still willing to pay close to asking price for the right home, but proper preparation, professional marketing and strategic pricing can make a significant difference in attracting serious buyers and achieving the best possible result.

Looking Ahead

As we move into the fall market, it will be interesting to see whether buyer activity picks up after the traditionally quieter summer months. We’ll also be watching inventory levels, days on market and price trends closely to see whether Ottawa continues moving toward an even more balanced market.

Overall, August's statistics highlight a market where opportunities exist on both sides. Buyers have more choice and negotiating power, while sellers who price strategically and present their homes well can still achieve strong results.

If you're wondering what these statistics mean for your neighbourhood or your home's current value, the TrinityStone Realty team is here to help with expert local advice and a personalized market analysis.