Private Three-Room House Sold for One Million Shekels in Beersheba Amidst Housing Market Stagnation

The Central Bureau of Statistics (CBS) released its housing price index last week, showing a slight 0.1% increase in housing prices from April-May to May-June 2026. Regional price changes varied, with Jerusalem rising 1.8%, Haifa 1.5%, the North 0.9%, while Tel Aviv and the Center saw declines of 0.7% and 1.0%, respectively. July's index rose by 0.3%, continuing an overall annual decline in apartment prices. The price index for new apartments increased by 0.5% during the same period.

To illustrate the current housing market, characterized by transaction stagnation and falling prices, national real estate agencies provided data on recent second-hand apartment sales. In Haifa, a two-room apartment in Hadar Carmel sold for 1.03 million shekels. In Beersheba, a 3.5-room apartment in neighborhood H sold for 1.1 million shekels, while notably, a private three-room house in neighborhood D was sold for 1.05 million shekels. Other Beersheba sales included a 3.5-room apartment for 837,000 shekels.

Additional sales include a four-room apartment in Kiryat Gat for 850,000 shekels, a four-room apartment in Holon for 1.9 million shekels, and a 3.5-room apartment in Kiryat Sharet, Kiryat Gat, for 1.95 million shekels. In Bat Yam, a 2.5-room apartment sold for 1.73 million shekels, and a 3.5-room apartment in the city center sold for 1.55 million shekels. These figures highlight the varied pricing landscape across Israeli cities amid a cooling housing market.

The data was provided by the RE/MAX network, offering insight into recent real estate transactions during a period of market slowdown and price adjustments.