Housing oversupply varies widely between Israel cities
Yehud-Monosson has enough inventory to last 13 years at the current rate of sales; in Ashkelon the figure is one year
Assessment
The gap between Yehud-Monosson's 13 year housing supply and Ashkelon's one year supply shows that Israel's real estate market is not a single market but a collection of local ones. Buyers and investors cannot rely on national averages to make decisions. The next question is whether developers will adjust pricing and construction starts in oversupplied cities before inventory becomes a drag on values.