The ministry of justice published quarterly figures showing an overall rise of 3.5 % in the second quarter in existing home sales. The highest rise was seen in Haifa, the only major city that saw a drop was Nahariya.
The second quarter saw 5100 closed deals in the existing market. Herzlyah, Eilat, Ashkelon and Beersheva saw a 3% rise in prices. The already high market in Tel Aviv saw a 1% increase. Rishon Lezion, Petach Tikva and Rehovot, three of the fastest growing areas in Israel saw a 7-9% increase.