The Israeli real estate market saw a significant drop in apartment sales during July, with 7,598 apartments sold - a 16% decrease compared to June. New apartment sales experienced a sharp decline of 22%, leading to an increase in unsold apartment inventory among developers. Tel Aviv, on the other hand, showed a different picture, with a 27% increase in new apartment sales from May to July compared to the previous three months. These trends indicate a return to a contraction in the housing market, following a period of recovery in the first half of the year. The current situation poses a challenge for developers and points to the possibility of continued recession in the real estate market, especially in the central region, where further price declines are expected. The current situation highlights the difficulties faced by both apartment buyers and developers.