Housing sales down 11% in Jul-Sept, avg prices up 23% in 7 cities: Anarock

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Housing sales down 11% in Jul-Sept, avg prices up 23% in 7 cities: Anarock - Business Standard

Quick Summary:

Housing sales fell 11 per cent during July-September to 1.07 lakh units in seven major cities on lower launches and an annual 23 per cent growth in average prices, according to Anarock.

Real estate consultant Anarock on Thursday released data that showed an 11 per cent fall in sales of residential properties in July-September to 1,07,060 units from 1,20,290 units in the year-ago period.

The top 7 cities witnessed a drop of 19 per cent in new housing supply, with 93,750 units launched in July-September 2024 against 1,16,220 units in the corresponding period in 2023.