“Avito Real Estate Reports 26.9% Increase in Apartments for Sale in City: Analysis, Prices and Trends”

2023-04-19 00:00:51

The number of apartments for sale, according to Avito Real Estate, increased by more than a quarter – by 26.9%.

“Most of all in the city are ads for the sale of two-room apartments (33.05%) and one-room apartments (30.23%), and the least of all are multi-room apartments (3.9%),” it follows from the response of the service to the NGS request.

At the same time, if experts have been talking regarding the overstocking of the market for new buildings for regarding half a year, then it is too early to talk regarding the same processes in the secondary market, Elena Ermolaeva believes.

“Yes, in recent months, the supply has been growing on the market, but if we take the data for the pre-pandemic period, then the supply was even higher,” she noted. — For example, in December 2022 — 18.8 thousand ads, in January — 19.1 thousand, and in March – already 20.8. But, for comparison, in December 2020, 22.8 thousand proposals were published, and in December 2015 – 24.8 thousand. So for the time being there is no overstocking, and the period of exposure for sale depends more on the quality characteristics of the apartment and its price.

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