Overview

• Listings nationwide are 39% below the historical high reached in Q2 2019, according to Idealista.
• València records the steepest drop among capitals at 78% and now counts about 3,900 homes for sale as asking prices climb 19% year over year.
• In 45 of 52 provincial capitals the available stock has at least halved, with major markets showing reductions such as Sevilla (−67%), Alicante and San Sebastián (−66%), Madrid (−53%), Palma (−51%), Barcelona (−47%) and Málaga (−45%).
• Declines are less uniform at the provincial level, where only 23 provinces have fallen 50% or more, led by Vizcaya and Álava (around −70%) while Alicante (−17%), Jaén (−19%) and Barcelona province (−34%) show smaller contractions; the Community of Madrid is down 60%.
• Regional snapshots underscore the split: in Extremadura, Badajoz province is down 34% and Cáceres 20%, with the cities of Badajoz and Cáceres dropping 52% and 33% respectively, and local peaks varying between 2015 and 2022.