The purchase and sale of homes registered an increase of 19.4% in July compared to the same month in 2023, reaching a total of 57,302 transactions, its highest figure in any month since September 2022 and the highest in a month of July since 2007, when more than 63,000 transactions were made, the National Institute of Statistics (INE) reported this week.
With the advance of July, home sales are back to positive rates after the year-on-year falls of 6.1% and 21.5% in May and June, respectively.
The year-on-year increase in home sales in July was due both to the rise in transactions on new homes, which rose by 38.6% year-on-year, their highest increase in three years, to 11,302 transactions, and to those on used homes. These increased by 15.5% year-on-year, to 46,000 transactions, the highest figure since September 2022.
On a monthly basis (July over June), home sales rose by 14.4%, while in the first seven months of 2024 they fell by 1.3%, with an increase of 7.7% in the case of new homes and a decrease of 3.4% in the case of used homes.
By autonomous communities and in absolute values, Andalusia was the region that made the most home sales during the seventh month of the year, with 11,257, followed by the Valencian Community (9,408), then Catalonia (9,324) and Madrid (6,657).
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