Sales of developer-built apartments across Poland’s seven largest markets increased by 48% in June 2026 compared with the same month a year earlier. In the Tricity area, the average price of a new apartment exceeded PLN 1 million for the first time. At the same time, the market saw a record number of mortgage enquiries, a slowdown in the decline of available supply, and year-on-year price increases across all analysed markets.
The following commentary was provided by Katarzyna Kuniewicz, Head of Market Research at Otodom.
Key figures
- Sales up 48% year on year: Developers sold more than 4,500 apartments across the seven largest markets in June.
- More than 60,000 homes available: The downward trend in supply slowed, while a modest adjustment in reservations returned some apartments to the sales pool.
- Prices higher year on year in every market: Warsaw remained the leader, with prices up 13.5% year on year, although it was also the only major city to record a monthly decline in asking prices.
- Demand up 48% year on year: June 2026 was clearly stronger than June 2025.
According to preliminary data, June 2026 was a strong month for Poland’s developer housing market. Sales across the seven largest markets exceeded 4,500 apartments, down 1% from May on an unadjusted basis but up as much as 48% compared with June 2025.
The contrast is particularly notable because June last year brought a visible cooling of the market. A 50-basis-point interest rate cut in May stimulated demand, prompting buyers who had been waiting for a signal from the central bank to return to the market. However, that effect faded in June 2025. Amid uncertainty over the future direction of monetary policy, the market returned to its earlier trajectory and closed the month with just 3,100 apartments sold.
Sales and new supply across the seven largest markets
Source: Otodom Analytics monitoring. Data in thousands of apartments; “more than” values are shown as the minimum levels indicated in the source material.
“The possibility of such a strong sales result had already been signalled by developments in previous months: a high number of new reservations and mortgage enquiries, which have remained at very high levels since the beginning of the year. June brought a modest adjustment in reservations, which is a natural process following a period in which reservation volumes had been increasing month after month,” said Katarzyna Kuniewicz, Head of Market Research at Otodom.
Supply: Nearly 4,300 New Apartments in 107 Projects
In June, developers launched nearly 4,300 apartments for sale across 107 new projects. This was 5% less than in May, but as much as 74% more than in June 2025, when new supply amounted to only 2,500 units, one of the weakest monthly results.
In four of the seven markets, sales exceeded new launches. Only in Łódź, Warsaw and Wrocław did the number of apartments introduced in new projects exceed the number of completed transactions.
Available Stock: The Downward Trend Comes to a Halt
For several months, the number of new apartments available for sale had been declining slowly but steadily. In June, that trend came to a halt. More than 60,000 units were once again available across the seven largest markets, even though the number of apartments launched for sale was lower than the number sold.
The increase in supply resulted from a modest adjustment in reservations, with some apartments reserved in previous months returning to the active sales pool.
A year earlier, available supply stood at 62,100 apartments, while buyers could choose from a pool 25% larger than in 2024.
Supply of Developer Apartments Across the Seven Largest Markets
Source: Otodom Analytics monitoring. Data in thousands of apartments; “more than” values are shown as the minimum levels indicated in the source material.
Prices: Annual Increases in Every Market, but Warsaw Cheaper Month on Month
Average asking prices for developer apartments increased year on year across all seven markets. Warsaw remained the most expensive market, with an average price of PLN 20,002 per square metre, up 13.5% from a year earlier.
However, the capital was also the only market where asking prices declined month on month, falling by 1.5%. The decrease was driven by the launch of new apartments at an unusually low average price for Warsaw of PLN 16,500 per square metre.
| City | Average price (PLN/sq m) | Monthly change | Annual change |
|---|---|---|---|
| Warsaw | 20,002 | -1.5% | 13.5% |
| Kraków | 16,980 | 0.3% | 4.5% |
| Tricity | 17,675 | 0.0% | 3.3% |
| Wrocław | 15,332 | 1.5% | 8.6% |
| Poznań | 13,909 | 0.4% | 7.5% |
| Katowice | 12,674 | 1.5% | 0.7% |
| Łódź | 11,632 | 1.4% | 1.3% |
Average Apartment Prices: Asking Prices Versus Transaction Prices
Source: Otodom Analytics monitoring, June 2026. Prices in PLN per sq m; apartments within city boundaries.
“The differences between asking prices and transaction prices remain significant. The largest gaps can be seen in Warsaw, at nearly PLN 1,900 per square metre, and in Wrocław, where they reach PLN 1,400 per square metre. This is important information for buyers: transaction prices provide a much clearer picture of what purchasers can actually afford than asking prices do,” said Katarzyna Kuniewicz.
Time Needed to Sell Available Stock: A Buyer’s Market Only in Katowice
In June 2026, Warsaw recorded the shortest expected time needed to sell its available supply, at 3.7 quarters. At the other end of the scale was Katowice, where selling all currently available developer apartments would take almost 10 quarters, or more than two and a half years.
Katowice remains the only market in Poland that can still be described as a buyer’s market based on this indicator.
The expected sales period increased in June only in markets where the number of apartments introduced for sale was clearly higher than the number sold. This was the case in Łódź, Warsaw and Wrocław.
Expected Time to Sell Available Supply by City
Source: Otodom Analytics monitoring. Calculations based on sales over the previous three months.
Key Signals from Local Markets
Warsaw: More than 2,000 new apartments entered the market across 43 projects at an unexpectedly low average price for the capital of PLN 16,500 per square metre. This influx of cheaper new supply lowered Warsaw’s overall average asking price, making it the only market to record a monthly decline.
Tricity: For the first time in the history of this market, the average price of a newly offered developer apartment exceeded PLN 1 million. Forecasts from several years ago had suggested that Wrocław would be the next market after Warsaw to cross this threshold, but Tricity reached it first.
Wrocław: For the second consecutive month, developers launched apartments with an average price above PLN 19,000 per square metre and a total value exceeding PLN 1 million. The difference between the price of new launches and the existing offer is almost PLN 4,000 per square metre.
Poznań: June 2026 was a record month for Poznań. Developers sold more than 600 apartments in total, marking the highest monthly sales volume in the history of the local market.
Katowice: Developers have not launched any new projects in Katowice for two months. As a result, the number of apartments available at the end of June fell to its lowest level since April 2025. Katowice nevertheless remains the market with the longest expected time needed to sell available supply in Poland.
Łódź: June was a record month for new launches in 2026. New projects were clearly more expensive than the existing offer, pushing the average price higher at a faster pace than the year-on-year growth rate.
Kraków: Apartments launched for sale in June were the smallest in three years, with an average size of just 49 sq m. Kraków had not seen units this small since the period of the Safe Credit 2% programme in the second half of 2023. Smaller apartments mean lower total prices, which may attract additional buyers.
