In April, a slight decrease of 1.5% in unsold housing inventory was recorded, totaling about 84,000 units, but the situation in the Israeli real estate market remains problematic. Sales of new and second-hand homes plummeted by 34% compared to March and by 23% compared to April 2022. The Central Bureau of Statistics (CBS) does not include in the inventory homes that have been vacant for over 15 months, which obscures the true situation of the contractors. Many of them are facing economic difficulties, layoffs, and salary cuts, leading to price drops in cities like Herzliya and Tel Aviv. Additionally, demand for housing is decreasing, and developers are struggling to sell the existing inventory. Jerusalem, which has become the leader in the number of unsold homes, continues to build new towers, but many of them remain empty. The current trend indicates the bursting of the bubble in the real estate market, as contractors and banks face severe consequences from falling prices and reduced demand.