Ottawa Real Estate Market Update: September 2026 Numbers

Updated November 3, 2026 with the Ottawa Real Estate Board's September 2026 figures. We refresh this page when OREB publishes each month's numbers.

National housing headlines rarely match what is happening on an Ottawa street. Here is what the latest Ottawa Real Estate Board (OREB) numbers say, and what they mean if you are buying or selling this fall.

September 2026 at a glance

• Homes sold: 1,010, down 6.6% from September 2025 and up 0.8% from August.
• Average sale price: $685,640, down 1.0% year over year.
• Median sale price: $625,000, down 0.8% year over year.
• MLS® Home Price Index composite benchmark: $623,500, down 0.3% year over year and 2.2% from August.
• New listings: 2,927, up 3.0% year over year and 38.1% from August.
• Active listings: 4,813, up 7.9% year over year.
• Sales-to-new-listings ratio: 34.5%, down from 47.3% in August.
• Months of inventory: 4.8, up from 4.5.
• Sale price vs. list price: 97.5% on average, compared with 98.1% a year earlier.
• Median days on market: 27, up from 22.

Source: OREB September 2026 market release.

What the numbers mean

Prices: steady on average, softer underneath

The average and median barely moved, but the benchmark price, which tracks a typical home with consistent features, fell 2.2% in a month. OREB called it the largest August-to-September decline in its series, which dates to 2005, and said one month alone does not establish a trend. Averages can hold up when more detached homes sell; the benchmark strips that out.

Supply: buyers have more choice

New listings jumped far more than the usual seasonal rise while sales held flat. Roughly one home sold for every three new listings, and OREB said the extra supply may give buyers "greater choice, more time to make decisions, and additional negotiating room." OREB also noted new listings have fallen in both October and November in each of the past 10 years, so watch whether this supply eases.

By property type

• Single-family: 535 sales (down 4.6%), benchmark $705,100, 4.4 months of inventory.
• Townhouse: 329 sales (down 3.5%), benchmark $546,500, 4.0 months of inventory.
• Apartment: 121 sales (down 24.8%), benchmark $380,800 (down 6.1% year over year), 7.3 months of inventory. Apartments remain the softest segment.

By area

Ottawa's three suburban areas made up 734 sales, or 72.7% of the city's total. Ottawa Suburb West was the firmest, at 3.7 months of inventory. OREB's Ottawa Centre submarket was more supply-heavy, at 6.8 months of inventory and a 27.6% sales-to-new-listings ratio.

Thinking about a central neighbourhood? See our Glebe, Westboro and Centretown pages.

What we're seeing on the ground in the Glebe and Ottawa Centre: properties that are listed properly are selling quickly.

If you are selling

With more competing listings, price against what is active now, not only last spring's sales, and make the first two weeks count. Start with a free home evaluation, see what to fix before you list in our home selling process, and estimate your net with the cost to sell calculator.

If you are buying

More inventory and longer days on market mean more room to keep financing and inspection conditions. Get your pre-approval in place, then set up alerts on our home search. First time? Read our first-time buyer guide.

Market update FAQ

What is the average home price in Ottawa?

$685,640 in September 2026, according to OREB. The median was $625,000 and the MLS® HPI composite benchmark was $623,500.

Is Ottawa a buyer's or seller's market right now?

September's 34.5% sales-to-new-listings ratio and 4.8 months of inventory were OREB's lowest ratio and highest inventory for a September in the past decade, which favours buyers. Conditions differ by area and property type.

How long are Ottawa homes taking to sell?

The median was 27 days on market in September 2026, up from 22 a year earlier.

Want the numbers for your street? Call Ian at 613-422-SOLD (7653). Charlebois Real Estate & Mortgages has sold more than 3,000 homes since 2008 from our office at 52 Chamberlain Ave.