July delivered a strong result for Poland’s new-build housing market. Buyers purchased nearly 4,400 homes across the seven largest markets, making it the second-best month of 2026. Only January recorded higher sales, and by just around 100 units. Compared with July last year, sales were approximately 36% higher. According to the latest Housing Price Barometer prepared by Tabelaofert, the summer holiday period did not cool buyer activity, and July’s result confirmed earlier signs of improving market conditions.
At the same time, a high level of supply kept prices stable. The average price across the seven largest markets stood at PLN 16,117 per square metre in July, only 0.2% higher than in June.
Since the beginning of the year, the increase has amounted to 2.3%, confirming that despite stronger sales the market remains in a period of price stabilisation.
– For several months, some buyers postponed their decision to purchase a home, expecting further interest rate cuts and cheaper mortgages. Recent data, however, show that financing conditions are no longer improving so clearly. The average interest rate on new housing loans increased from 5.9% in March to 6.1% in July. It is a small change, but an important signal for buyers. Customers are now looking not only at the price of the property but also at the bank’s financing offer, and increasingly they may conclude that waiting longer does not necessarily mean better buying conditions. At the same time, there are many completed homes available, so buyers can move in immediately instead of continuing to pay rent – says Robert Chojnacki, founder of Tabelaofert.
Poznań records the strongest rebound
The biggest change in sales was recorded in Poznań.
In July, buyers purchased more than twice as many new homes there as a month earlier. The scale of the rebound is impressive, although June had been exceptionally weak for Poznań’s primary housing market, with sales falling by more than 40%.
July’s result therefore primarily represents a return of buyers after a very weak start to the holiday season.
A strong rebound was also visible in the Tricity and Katowice, where sales rose by almost 50% month on month.
Katowice is particularly noteworthy because the improvement came despite a very high level of supply and intense competition between developers.
Warsaw and Kraków performed less strongly than the other markets. In the capital, the number of homes purchased declined slightly, while Kraków recorded a drop of more than 10%.
– The increase in sales may be linked not only to financing conditions but also to growing concerns among buyers that housing prices could rise. Despite assurances from politicians that the market has been stabilised and that the current supply of homes is very broad, buyers continue to look to the future with uncertainty. An IBRIS survey conducted for Tabelaofert showed that in June 48% of respondents expected housing prices to rise, compared with 38% in February. If customers do not see a clear improvement in mortgage conditions and at the same time fear higher prices a few months from now, postponing a purchase no longer seems like an obvious strategy. In my opinion, however, buyers’ concerns are exaggerated – says Robert Chojnacki, founder and Vice-President of Tabelaofert.
Supply continues to grow
Nearly 4,600 new homes were launched for sale in July.
The largest number of new units was introduced in Warsaw, at almost 1,500, followed by the Tricity, where close to 1,200 homes entered the market.
Despite the sharp increase in sales, new supply still exceeded the number of homes purchased.
The difference, however, was less than 200 units. By comparison, as recently as April new supply exceeded sales by more than 1,300 homes.
At the end of July, nearly 70,000 new homes were available across the seven largest markets.
An increasing proportion of this supply consists of completed units ready for immediate occupancy. These accounted for 25.6% of all available homes.
Łódź recorded the highest share of completed homes, approaching 40%, while in Katowice around one in three homes offered for sale was already finished.
The Tricity had the lowest share of completed units, at around 15% of local supply.
– High supply continues to give buyers a very strong position. The growing share of completed homes is particularly important because the longer they remain on the market, the greater the pressure to sell them effectively. This gives buyers more scope to compare offers, negotiate terms and choose the property that best suits their needs – says Katarzyna Tworska, Managing Director of Rednet Partners, a company specialising in residential sales for developers. – But sales have genuinely started moving, especially in Warsaw, where we sold a record number of units in July – she adds.
Prices remain stable, but local markets are increasingly different
No significant changes in average housing prices were recorded in any of the analysed cities in July.
The largest increase occurred in Katowice, where the average asking price rose by 1.1%.
This was not the result of broad price-list increases, however. Instead, it was primarily caused by changes in the composition of available supply: cheaper homes sold faster, leaving a greater proportion of higher-priced units in the market.
Across the remaining markets, monthly changes in average prices ranged between -1% and +1%.
Much larger differences emerge when the figures are compared with the end of 2025.
Since December, the strongest increase in average prices has been recorded in Wrocław, at 4.8%.
Warsaw prices rose by 3.3%.
At the opposite end of the spectrum was Łódź, where the average price was 2.0% lower than at the end of last year.
– Today’s market shows how easily an average price can be misleading. If cheaper homes sell faster, the average price of properties remaining in the offer rises even if developers have not changed their price lists. The mainstream segment therefore provides a much better indication of whether genuine price pressure is appearing in the market – says Ewa Palus, Chief Analyst at Tabelaofert.
Price changes in the mainstream segment were even smaller than in the overall market.
In most of the cities analysed, monthly fluctuations did not exceed 0.5%.
Łódź was the exception, with the average price of mainstream homes falling by around 1%.
Katowice again stood out with an increase, although here too the rise was largely the result of changes in the composition of available supply rather than widespread price-list increases.
– July was a strong month for sales, but this does not change the fact that the market continues to operate with very high supply and intense competition for buyers. This is why I do not expect one strong month to trigger a wave of price increases. The Developer Sentiment Index shows that the industry is regaining confidence in sales, but remains cautious on pricing. That is a rational approach. With such a broad range of available homes, attempting to raise prices too quickly could easily lengthen purchasing decisions again and weaken sales. Current price levels appear acceptable to buyers, while for developers the priority will be maintaining sales momentum rather than maximising prices at all costs. This is particularly important because conditions in regional markets are not as strong as, for example, in Warsaw – adds Robert Chojnacki.
