In February, home sales in Israel totaled 7,233 units, marking a slight decrease of 0.5% compared to January and a 9% drop compared to February of the previous year. The Jerusalem and Tel Aviv regions led the declines in housing prices in January and February. This trend occurs amid heightened economic uncertainty, exacerbated by geopolitical tensions. The data highlights a stagnation in the real estate market, with an increasing number of properties remaining unsold, particularly in major cities like Tel Aviv and Jerusalem. This situation could influence the decisions of investors and potential buyers, who might wait for price stabilization before committing to real estate transactions.
