Overview
- INE data for May 2026 show 56,462 home transactions, a 7.3% year‑on‑year drop and the fifth consecutive monthly fall in sales.
- The January–May total is 288,176 sales, down 3.4% from the same period in 2025, after an exceptional rebound in 2025 that produced the most transactions since 2007.
- Used homes, which make up 78.9% of activity, declined 7.6% to 44,574 sales while new home transactions fell 6% to 11,888.
- Sales fell in 15 of 17 autonomous communities with only Extremadura and Andalusia posting small gains and the largest drops recorded in Cantabria, Murcia and the Balearic Islands.
- Prices remain elevated, with Q1 2026 indices up 12.9% year‑on‑year, and analysts say high asking prices, rising down‑payment burdens and tighter financing could cause local price stabilisation or falls and limit buyer participation.