New Home Sales Surge 38% in Israel, Yet 84,000 Units Remain Unsold
Israel's housing market showed signs of recovery in the second quarter of 2026, with a notable increase in new home sales. According to data released by the Central Bureau of Statistics on August 13, approximately 22,640 homes were sold between April and June, marking an 11.7% rise compared to the same period last year.
The most significant growth was seen in new apartment sales, which jumped by 38.2% year-over-year to about 9,670 units. This figure also represents an 18.4% increase from the previous quarter. Despite this surge, over 84,000 apartments remain on the market unsold. About one-third of the new apartments sold were purchased under government subsidy programs, indicating continued public sector involvement in supporting housing demand.
These statistics highlight a mixed picture for Israel's real estate sector, with strong sales momentum tempered by a large inventory of unsold properties. The market's trajectory in the coming quarters will be closely watched to assess whether this recovery can be sustained and if the surplus housing stock will be absorbed.
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