June Sees Highest Apartment Sales in Israel This Year Despite Builders’ Slowdown

In June 2026, Israel recorded the highest number of apartment sales since the start of the year, with 8,810 units sold. Of these, 41.7% were new apartments, totaling approximately 3,670 units, according to data from the Central Bureau of Statistics (CBS). This increase follows a period of economic stagnation caused by an Iranian attack from late February to early April.

From June 2024 to December 2025, apartment sales (both new and secondhand) declined by an average of 0.9% per month. However, starting January 2026, sales began to rise moderately by 1.2% monthly on average. The June sales surge was mainly driven by the secondhand market, which saw 5,135 apartments sold, up from 4,754 in May. Conversely, new apartment sales by contractors slightly decreased to 2,462 units in June from 2,551 in May.

Government-subsidized apartments under the "Price for Residents" program accounted for 33% of new apartment sales in June, with 1,210 units sold. Despite the June uptick, the outlook for the coming summer months is cautious, as July and August traditionally experience lower sales due to holidays, and September is affected by additional holidays.

Regionally, new apartment sales increased sharply in cities like Tel Aviv, Ashdod, and Haifa between April and June. Tel Aviv led with 1,236 new units sold, up from 820 in the first quarter. Other cities with notable increases included Ashdod, Or Yehuda, Ramla, Kiryat Gat, Rehovot, and Beersheba. In contrast, Jerusalem saw a slight 4.2% decline in new apartment sales, with 483 units sold.

In the secondhand market, most cities experienced a sales decline from April to June. Jerusalem led secondhand sales with 808 units, down from 1,052 in the previous quarter. Haifa and Beersheba also saw decreases of 16.4% and 5.3%, respectively. Tel Aviv ranked fourth with 492 secondhand sales, a 15.4% drop compared to early 2026.

The inventory of unsold apartments remained stable but relatively high, totaling 84,820 units at the end of June. Over half of these are located in the Tel Aviv and Central districts. Jerusalem holds the largest unsold inventory with 10,320 units, followed by Tel Aviv (9,549), Bat Yam (5,149), Haifa (4,042), and Netanya (3,598).