The largest increase in new home sales in April was in the Tel Aviv District, where they doubled from March to 291 homes. New home sales rose 77% in the Jerusalem District, 17% in the Northern District, and 11% in the Southern District. New home sales were unchanged at 660 homes in the Central District, and fell by 20% in the Haifa District. 74% of new home sales in January-April were in the Central District. New home sales in the Tel Aviv District were down 29% in January-April compared with the corresponding months, and fell 16% in the Haifa District, but rose 42% in the Jerusalem District.
Demand for new homes rose 15% in April, compared with March, to 3,014 homes, but was down 6% compared with April last year. The housing inventory rose 35% in April to 20,653 homes. 45% of the inventory is in the Central District, and 4% is in the Northern District. The housing inventory is sufficient for 13 months at the average rate of sales over the preceding three months.