In June, a month marked by the military operation Rising Lion in Iran, only 5,880 apartments were sold, according to data published today (Thursday) by the Central Bureau of Statistics (CBS). This represents a 20% drop compared to the previous month and a 33.1% drop compared to the same period last year. Of the apartments sold, 2,000 were new units, 25.9% of which were government-subsidized — down 23.4% from the previous month and 47% compared to last year. The remaining 3,880 sales were second-hand apartments, down 18.2% from May and 22.7% from June 2024.
By Doron Breitman, Nadlan Center
Between April and June 2025, 19,900 apartments were sold, a 19.3% decrease compared to January–March 2025, and a 20.7% decrease compared to the same quarter last year. Of these, about 7,150 were new apartments — a 24.3% drop from the previous quarter. Second-hand homes made up roughly 64% of transactions, totaling about 12,750 units, down 16.2% from the prior three months.
The Central District led the market with 24.5% of sales in Q2 2025, including 27.4% of new apartment sales (1,958 units) and 22.8% of second-hand sales (2,908 units). Next was the Southern District with 23.3% of total sales, including 28.3% of new apartments (1,146 units) and 20.4% of second-hand apartments (2,606 units). The Tel Aviv District accounted for 15.1% of all transactions, 16% of new sales (1,146 units), and 14.6% of second-hand sales (1,865 units).
Compared to the previous quarter, all districts except the Southern District saw declines in new apartment sales — the sharpest being Haifa (-45.4%), Tel Aviv (-34.9%), and Jerusalem (-30.9%). The Southern District saw a 1% increase. Second-hand sales fell in all districts, with declines ranging from 11.1% in Haifa to 18.9% in the Northern District.
Over 81,000 New Apartments Remain Unsold
By city, Ofakim led new apartment sales in Q2 2025 with 561 units sold, up 20.1% from the previous quarter. Tel Aviv–Yafo followed with 436 sales (-27%), Ashdod with 416 (+67.7%), Netivot with 306 (-16.8%), and Jerusalem with 293 (-53%).
In the second-hand market, Jerusalem led with 818 transactions (-18.5%), followed by Haifa (787, -15.9%), Be’er Sheva (662, -24.1%), Tel Aviv (561, -20%), and Ashkelon (399, -14.7%).
The stock of unsold new apartments hit a record 81,360 units in May 2025. The months of supply — the estimated time to sell all remaining inventory — also rose, reaching 35 months. Compared to May 2025, inventory was up 0.7%, and compared to May 2024, it increased by 20.3%. Tel Aviv District accounted for 32.2% of the unsold supply (26,230 units) and the Central District for 23.8% (19,350 units).
Among cities with populations over 100,000, Tel Aviv–Yafo had the highest number of unsold new apartments (about 10,205), followed by Jerusalem (7,699), Bat Yam (4,298), Netanya (3,625), and Ramat Gan (3,444). Smaller cities with large stocks of unsold new units included Lod (2,240), Be’er Ya’akov (2,230), Kiryat Ono (1,490), Raanana (1,350), Ofakim (1,300), Kiryat Bialik (1,230), and Or Yehuda (1,110).
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