Home prices in Israel fell in May and June for the fifth consecutive month, the market’s longest decline since 2018.

The housing market has cooled in recent months, partially in reaction to the multiple wars Israel has been engaged in since Hamas invaded southern Israel on October 7, 2023. Prices have fallen by 1.5 percent in the last five months.

Prices dropped 0.2% in June-July compared to May-June, according to the most recent information available from the Central Bureau of Statistics.

Despite the short-term declines, prices have actually risen 1.6% compared to the same period a year ago. Earlier this year, the market’s annual growth had peaked at 7.8%.

Prices during the period rose by 0.7% in Haifa, 0.4% in the north and 0.4% in the south. They fell by 0.2% in Tel Aviv, 0.9% in the central district and 0.1% in Jerusalem.

The price of newly built homes fell by 0.8% compared to the previous period, the CBS said.

There are currently nearly 83,000 new apartments available for sale, a record level, according to CBS data.

According to Finance Ministry data for July, a total of 8,011 apartments were sold, 36% more than in June, when sales were low due to Israel’s 12-day war with Iran. Compared to a year earlier, sales were down 10% in July.

The volume of homes bought and sold every month has been down year-over-year in every month of 2025 after peaking in December 2024, Finance Ministry data shows.

New apartment sales, including government-subsidized units, declined by 28% from July 2024 to 2,726 units. Secondhand apartment sales reached 5,285 units, a 3% rise compared to June 2024.

Investors purchased only 1,194 apartments in July, a 14% decrease compared to July 2024. Investors sold 1,603 apartments, a 6% decrease compared to July 2024.

To provide the housing snapshot below, we used the Israel Tax Authority’s database, which records the actual prices paid for properties. The focus is on sales over the last month to present the most up-to-date picture of the market.

In Tel Aviv, a 107-square-meter (1,152-square-foot), four-room........

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