Otodom: number of apartments sold decreased in May

In May 2024, Poland experienced a continued decline in newly sold apartments in its primary housing market, with a 10% drop compared to April and a 19% decrease from May 2023, reported by Katarzyna Kuniewicz of Otodom. Despite this, there was no apparent decrease in prices. The average price of sold apartments rose by 1.5% from April and 20% from a year ago.

This marks the fifth consecutive month where developers listed more apartments for sale than they sold. Wrocław was the only city where apartment sales surpassed supply. Conversely, Katowice saw the opposite trend. Additionally, Krakow's primary market witnessed apartment prices exceeding PLN 15,000 per square meter for the first time in its history.

(PAP)