Apartment Sales Fall Nearly 30% in April, but Some Cities Keep Rising

Israel’s Central Bureau of Statistics said 5,120 apartments were sold in April, down about 29.5% from March. About 42% of the deals were for new homes and 58% for second-hand units. Of the new apartments sold, roughly one-third were subsidized under government programs such as Dira Bahanacha and Price Maker, leaving developers with only about 1,420 unsubsidized sales, about 33% fewer than the roughly 2,110 such sales in March.

The CBS also said developers’ unsold inventory edged down 1.5% from March, reaching 84,000 apartments at the end of April. The bureau noted that not all of these units are finished and ready for delivery, because many only have building permits.

Looking at the broader February-April 2026 period, new-home sales made up about 39% of all apartment transactions, and a quarter of those new homes were subsidized. Total apartment sales in that three-month span fell 15.5% from November 2025-January 2026 to about 20,610 units, and were 11% lower than in February-April 2025. New-home sales fell 12% from the previous three months and 7.5% year over year, while unsubsidized new-home sales declined 7% from the prior period to about 5,950 units.

Second-hand sales also weakened, dropping 18% from the previous three months and 13% from a year earlier. Regionally, the Center and South districts led overall sales in February-April, with 26.5% and 21% of transactions, respectively.

For new apartments, the leaders were Tel Aviv-Yafo, Jerusalem and Kiryat Gat. For second-hand homes, Jerusalem, Haifa and Beersheba topped the list.