“Real Estate Weather”: February housing figures

-19%

This is the largest drop in the supply of new homes available for sale in one year. At the end of February, fewer than 82.000 homes were still on the market; a historically low level not seen in nearly 15 years.

Two trends are emerging: on the one hand, housing units already delivered now represent more than 12% of the national supply, almost triple the average observed between 2019 and 2022. On the other hand, nearly 19% of the current off-plan commercial supply (around 7.000 units) corresponds to properties put up for sale before 2023 and for which work has not yet begun. These homes, designed in a different context, may never see the light of day if they do not find buyers quickly.

52.300

This is the number of homes sold en bloc in 2024. A stable figure (vs 2023), for an activity which represented 48% of sales of ordinary homes under promotion during the financial year.

4.900

This is the number of new homes put on sale during the first two months of 2. A very low volume, with operators facing a very sharp decline in permits across France, awaiting signs of recovery.

2.400

This is the number of new homes reserved by investors since January 1st. A volume that remains very modest, but which has not completely collapsed with the end of the Pinel scheme on December 31, 2024.

47.500

This is the number of new housing units authorized in 2024 in the form of "residential" housing. A volume that includes all segments (free and social) and destinations (students, seniors, CROUS, FJT, EHPAD, etc.). A figure down 10% compared to the 2022 peak, but which shows a much smaller decline compared to "ordinary" housing (-36%).

Illustrative image of the article via Depositphotos.com.