Nearly 86,000 New Apartments Unsold as Developers Struggle
Translated & summarized from i24NEWS by baba
Nearly 86,000 new apartments were unsold by contractors in Israel by the end of August 2026, with current sales rates suggesting a 27-month sell-off period. Sales saw a modest increase between June and August, but a seasonal adjustment revealed a decline. Jerusalem and Tel Aviv have the largest inventories of unsold new apartments, while the Tel Aviv and Central districts hold over half the national stock.
The story in 6 lines · by baba
- Nearly 86,000 new apartments remained unsold by contractors in Israel as of August 2026.
- It would take approximately 27 months to sell the current inventory at the prevailing sales pace.
- Sales between June and August increased by 11% compared to the previous quarter, but fell 2.9% after seasonal adjustment.
- Jerusalem and Tel Aviv have the largest numbers of unsold new apartments, with 10,249 and 9,820 units respectively.
- Over half of the unsold new apartment inventory is concentrated in the Tel Aviv and Central districts.
- The Central and Southern districts led in apartment sales during the June-August period.
As of the end of August 2026, nearly 86,000 new apartments remained unsold by contractors in Israel. At the current sales pace, it would take approximately 27 months to sell this entire inventory, according to data from the Central Bureau of Statistics (CBS).
These figures emerge amidst a recent uptick in apartment sales. Between June and August, about 24,000 apartments were sold nationwide, an 11% increase compared to the preceding three months and an 8.1% rise from the same period in 2025. However, after seasonal adjustments, sales actually decreased by 2.9%.
Jerusalem leads the cities with the most unsold new apartments, totaling 10,249 units. Tel Aviv-Yafo follows with 9,820, while Bat Yam has 4,992, Haifa 3,974, and Ramat Gan 3,729. Ashdod and Netanya each have over 3,000 new apartments for sale, with 3,335 and 3,319 respectively, and Petah Tikva has 3,248.
Geographically, 30.7% of the unsold new apartments are located in the Tel Aviv district, and 24.7% are in the Central district, meaning over half the total inventory is concentrated in these two areas. Conversely, the Central and Southern districts saw the highest number of sales between June and August, accounting for 23% and 22.6% of all sales, respectively. Kiryat Gat, Tel Aviv, and Haifa were the top cities for new apartment sales during this period.
The data presents a complex market picture: while more apartments were sold recently compared to earlier periods, the sheer volume of unsold new apartments remains a significant challenge for contractors, reflected in the extended time needed to clear the existing stock.
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