Israel's housing market saw a significant rebound in November, with home sales jumping about 60 percent from October's low point. Despite this surge, longer-term data indicates that the overall slowdown in residential real estate continues, with both new and secondhand home sales trending downward over the past year. New homes made up just over a third of November's transactions, with a substantial portion sold through government-subsidized programs, while secondhand properties dominated the market.

Regional differences were notable, as the central and southern regions led in total sales, while the Tel Aviv region experienced a sharp increase in new home purchases. Haifa emerged as the leader in secondhand home sales, outpacing other major cities. Inventory levels of unsold new homes remain high, particularly in Tel Aviv-Yafo and Jerusalem, with the overall supply estimated to last over 30 months at the current sales pace.

Market volatility persists, and officials caution that recent increases do not yet signal a sustained recovery. The number of unsold new homes has continued to rise, reflecting ongoing uncertainty in the sector.