Hillside homes of Yemin Moshe 311.
(photo credit: Lyle Plocher )
New-home sales rose 17 percent in April, compared with March, snapping a
three-month slump, the Central Bureau of Statistics reported Tuesday. New-home
sales rose to 1,868 homes in April from 1,438 in March, despite the Passover
New-home sales were unchanged compared with April
The largest increase in new-home sales in April was in the Tel Aviv
area, where they doubled from March to 291 homes. New-home sales rose 77% in the
Jerusalem area, 17% in the North and 11% in the South. New-home sales were
unchanged at 660 in the central region and fell 20% in the Haifa
Seventy-four percent of new-home sales in the January- April period
were in the central region. New-home sales in the Tel Aviv area were down 29% in
January- April compared with the corresponding months of 2011, fell 16% in the
Haifa area and rose 42% in the Jerusalem area.
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 region, and 4% is in the North. The
housing inventory is sufficient for 13 months at the average rate of sales over
the preceding three months.