New apartment sales in Tel Aviv drop 60% in Q3 2026; Haifa leads nationwide

Israel's Central Bureau of Statistics reports new apartment sales in Tel Aviv fell 60% in Q3 2026 versus Q2, to 537 units, the lowest since Q3 2025. Haifa topped all cities with 1,383 sales. Nationwide, about 21,800 new apartments were sold, down 6% from Q2. Unsold inventory reached about 85,000 units.

Sales of new apartments in Tel Aviv plunged 60% in the third quarter of 2026 compared to the second quarter, to just 537 units – the weakest figure since the third quarter of 2025. The second-hand market in the city also slowed, with 421 apartments sold, a 13% decline from the previous quarter. In total, 958 new and second-hand apartments were sold in Tel Aviv. Following the slowdown in Tel Aviv, Haifa reached first place for the first time in the history of CBS data in apartment sales in the country, with 1,383 apartments sold – a record of at least decades. Kiryat Gat came in second with 1,232 apartments, most under the 'Discounted Apartment' program. Jerusalem, which leads in second-hand apartment sales with 829 transactions, is only in third place due to a slowdown in the new apartment market in the city. In total, about 21,800 apartments were sold nationwide in the third quarter, a decline of about 6% from the second quarter. However, CBS data shows a monthly increase of about 1% in the number of transactions since the beginning of 2026, thanks to growth in new apartment sales. 36% of new apartments sold were subsidized under the 'Discounted Apartment' program, indicating a severe stagnation in the new apartment market. At the end of the quarter, about 85,000 new apartments remained unsold, about a quarter of them in Jerusalem and Tel Aviv.