The time apartments spend on the secondary market in the Moscow region has risen sharply, in some cases tripling. Analysts from NDV Supermarket Real Estate reached this conclusion after reviewing this year’s turnover, a finding reported by Lenta.ru through company statistics. [Citation: NDV Supermarket Real Estate]
Data show that the typical period a liquid apartment remains on the market before a deal is closed in Moscow’s secondary housing segment is about three months, while in the broader Moscow region it stretches to around five months. At the same time, less liquid assets in the capital require about four to five months to sell, with the Moscow region needing roughly six to seven months. Some properties can sit idle for more than a year. [Citation: NDV Supermarket Real Estate]
The longest selling periods were recorded for properties in Nekrasovka, Biryulyovo, and Pechatniki. Within the region, similar patterns appeared in Balashikha, Mytishchi, and Lyubertsy. These districts show the highest supplier activity, which intensifies competition among sellers. [Citation: NDV Supermarket Real Estate]
Market conditions that hinder transport accessibility, underdeveloped infrastructure, or unique apartment features tend to extend the selling timeline. For instance, listings located in industrial areas or near facilities such as hospitals, police stations, or cemeteries experience longer sale durations. [Citation: NDV Supermarket Real Estate]
Elena Mishchenko, head of the city real estate department at NDV, noted that at the start of the year the average time to sell a liquid listing hovered around two months. By mid-year, the period had shifted to three to four weeks. She attributed the threefold rise to higher key rates and loan interest rates. If rates do not ease in 2024, Mishchenko warned, the selling cycle for secondary homes could lengthen further. [Citation: NDV Supermarket Real Estate]
Alexander Danilov, head of the Banking Regulatory and Analytical Department at the Central Bank of the Russian Federation, stated on November 29 that the gap between prices in the primary market and the secondary market has become especially pronounced. The implications of this divergence are a topic of ongoing discussion in industry reports. [Citation: Newspapers.Ru]
In another note, Khusnullin highlighted a deliberate rise in new building prices across Russia, a factor influencing overall market dynamics and the balance between new and secondary housing segments. [Citation: News sources]
Overall, analysts suggest that the evolving rate environment, shifts in demand, and price differentials between primary and secondary markets will continue to shape listing strategies and buyer behavior in the Moscow region for the near term. [Citation: Market analysis]