Valuable time: the cost of housing in the secondary market has decreased
In 26 Russian cities, prices in the secondary housing market decreased in June after a long period of stagnation, analysts told Izvestia. In particular, in Moscow and Rostov-on-Don. The drop in cost depending on the city was 3-4%, and it is cheaper to buy an apartment in Bryansk, Smolensk and Lipetsk. The fluctuations in value fit into the traditional seasonal trend, experts believe. About whether the fall will continue and when it is more profitable to buy an apartment — in the material of Izvestia.
Where apartment prices have decreased
Apartment prices in the secondary market of Russia decreased by 3% in a month, analysts told Izvestia. In particular, in Moscow, the "secondary" fell in price by 4%, in Izhevsk — by 3%, in Rostov-on-Don — by 2%, in Tomsk, Omsk, Kemerovo, Bryansk and Barnaul — by 1%, specified in Avito Real Estate.
It is now cheaper to buy an apartment on the secondary market in Bryansk, Smolensk, Ulyanovsk, Astrakhan, Lipetsk, Kaluga, Ryazan, Tver and Ivanovo. The cost of real estate in these cities ranges from 4.5 million to 5 million rubles.
In general, since the beginning of the year, there has been a moderate increase in prices in the secondary real estate market of Russian cities with millions, Evgeny Belokurov, commercial director of Yandex Real Estate, told Izvestia. Perm became the leader in the growth of the cost per square meter: in six months, the median cost increased by 7.9% to 109 thousand rubles. There was also a noticeable price increase in Yekaterinburg and Rostov-on-Don. In Moscow and St. Petersburg, the growth in the cost of the "square" is estimated as restrained.
— The lowest dynamics was recorded in Volgograd and Krasnoyarsk, where the cost per square meter remained almost at the January level, — the expert explained. — But if we talk about the situation in June compared to May, in 14 of the 16 million-plus cities, the dynamics of prices for secondary goods remained in the stagnation zone or showed a decrease.
The summer price drop was also confirmed by the federal company "Floors". According to her, since the beginning of the year, the average cost per square meter of secondary housing in Russia has decreased by 2.6%.
"This is already an established trend: there has been no growth since the beginning of 2025," the company said. — Last month it decreased by another 0.4%. We recorded the largest decrease in April, when the average price immediately dropped by 1.2%. It should be borne in mind that since the beginning of the year, the average discount on the sale of ready–made housing has increased significantly, and now it is at record levels: 6.3-6.4%."
The expert "Cyanogen.Analysts" Elena Bobrovskaya noted that average supply prices remain stagnant in the secondary market — over the past month, on average, they have increased by only 0.2% for millionaires, and by 1.7% since the beginning of the year.
— The last time the "square" rose in price by more than 1% in March last year, that is, stagnation has been characteristic of the market for 15 months. Such a long period of near—zero price dynamics has been recorded for the first time since 2018," she stressed.
In the first half of 2025, Moscow's secondary market was in a state of suspended animation, according to data from the analytical department of developer Dominanta.
"At the same time, demand decreased by 15% compared to the same period last year: high mortgage rates make the instrument inaccessible to most potential buyers, and installment programs and discounts from developers contribute to the flow of demand into new buildings," they added.
What is the reason for the downward trend in prices?
Since the beginning of the year, the volume of apartment sales on the secondary real estate market has increased by 14%, and over the past month — by 1%, Avito Real Estate added. According to the results of June 2025, I observed the largest selection of such housing in Moscow, St. Petersburg, Krasnodar, Rostov-on-Don, Novosibirsk, Tyumen, Sochi and Yekaterinburg.
The interest of buyers in the secondary market increased in five cities over the month: Kirov, Lipetsk, Khabarovsk, Ivanovo and Volgograd. According to Roskadaster, the number of registered purchase and sale agreements increased by 7% to 125,000 transactions by May 2025. The top three regions in terms of the number of sales in the secondary market are Moscow, the Moscow Region and St. Petersburg.
Avito Real Estate analysts recorded the highest average prices for the month in Moscow, Sochi, St. Petersburg and Kazan.
— Russians called the desire to purchase their own housing, improve the quality of life and buy an apartment for a child the main goals when buying real estate on the secondary market, — said Sergey Eremkin, managing director of the secondary and suburban real estate platform. — At the same time, in more than half of the cases, Russians today use funds from the sale of previous real estate to buy.
Although prices have fallen by 3-4% in a number of cities, this does not mean a general market trend, said Evgeny Shavnev, CEO of Flip LLC, an investment company in the real estate market.
— In liquid segments — premium, business class, good locations — prices remain stable or even grow, — he emphasized.
For the most part, sellers do not lower prices, but postpone the sale for a more favorable period, the press service of Dominanta added. Nevertheless, the owners of "live money" — those who make a purchase for cash or with a small share of borrowed funds — can count on a real discount.
"In July and August, the traditional seasonal decline in demand is expected amid the holidays. Further development of the situation will depend on the size of the key rate — without a noticeable reduction in the recovery of the secondary market in the next six months is not expected," the press service added.
Will the price reduction continue
The current decline cannot be unequivocally called a stable trend, says Valery Tumin, Director of the Russian and CIS Markets at fam Properties.
"Experts are talking more about a short—term price correction caused by local supply and demand factors," he explained. — Moreover, in some cities, such as Krasnodar, recycling continues to rise in price, which indicates the heterogeneity of the market.
Yulia Bocharnikova, Executive Director of the Floors company, said that the secondary real estate market is currently under pressure from high mortgage rates.
"The sale dates are growing, and those who are interested in selling here and now are first ready to bargain with real buyers, and when this does not help speed up the deal, they begin to reduce the price of their properties already in the ads," the expert explained. — The cost per square meter in the secondary market will be under pressure until the situation with mortgage rates stabilizes.
An additional factor is the restructuring of the market under new conditions, Valery Tumin added. After a surge of activity in the primary market caused by preferential mortgages, interest in secondary housing is declining. This is confirmed by Rosreestr data, according to which in June 2025, the volume of registered transactions on the secondary market fell in some regions.
"The price decrease is also related to seasonality," he said. — The summer months, especially July, are traditionally considered a sluggish period in the real estate market: many go on vacation, activity decreases, and the market reacts with a mild correction. Usually, the recovery begins in September, when buyers return to their home purchase plans.
According to Evgeny Shavnev, the summer months are the best time to bargain: motivated sellers are willing to give in to the price, and competition among buyers is minimal.
— However, it's not worth waiting for a "collapse": the real drop in prices occurs point—by-point, in illiquid segments, - he said.
For investors and buyers, summer is an opportunity to find a profitable lot in a low—competition environment, the experts added.
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