August Housing Sales Rise, But Unsold Inventory Grows
Translated & summarized from TheMarker by baba
Contractor sales of new apartments increased by 11% in August, driven by Kiryat Gat, while second-hand sales dropped 10% year-over-year. Despite developer efforts, the total unsold apartment inventory grew by 3%. Overall housing transactions decreased 5% from July and 6% from August 2025, suggesting a continued oversupply in the market.
The story in 5 lines · by baba
- Contractor sales of new apartments rose 11% in August, with Kiryat Gat leading.
- The total inventory of unsold apartments increased by 3% in August.
- Second-hand home sales fell 10% in August compared to last year.
- Overall housing transactions decreased 5% from July and 6% from August 2025.
- The data suggests a continued oversupply in the housing market.
Contractor sales of new apartments saw an 11% increase in August compared to July, with Kiryat Gat leading the trend. Despite this uptick, the overall housing market experienced a 5% drop in transactions from July and a 6% decrease from August of the previous year. Second-hand home sales specifically fell by 10% compared to August 2025. Although developers are making efforts, the total inventory of unsold apartments rose by 3% during the month. This data, released by the Central Bureau of Statistics, indicates a recovery in new contractor sales but does not signal a shift in the overall trend of oversupply observed over the past year.
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