In December 2024, Poland’s secondary real estate market experienced a cooling trend, with notable price reductions in select metropolitan areas. According to data from GetHome.pl, the average price per square meter for resale apartments decreased by 2% in Poznań and 1% in the Katowice agglomeration. In contrast, prices remained stable in major cities such as Warsaw, Kraków, Wrocław, the Tricity area, and Łódź.
December traditionally brings a slowdown in the secondary housing market, leading to fewer new listings and price stabilization. Warsaw, for instance, saw an 11% drop in available offers, decreasing from 20,000 to 17,900. Similar declines were observed in Wrocław (10,500 listings), Kraków (9,400), the Tricity (8,800), Łódź (5,200), Poznań (3,800), and Katowice (2,200).
Overall, the number of resale apartment listings across Poland fell by 6% from November to December 2024, totaling approximately 149,000 by year’s end. Despite this monthly decline, there was a 21% increase compared to December 2023, indicating a year-over-year growth in market activity.
This cooling phase suggests that sellers are adjusting their expectations, potentially leading to more favourable conditions for buyers in the near future.