Analysts of Domclick noted the low level of housing price growth.

The short-term increase in demand for housing in the second half of June did not significantly affect the price dynamics in the Russian real estate market. After the end of the period of high demand at the end of 2025, the pace of price appreciation for new buildings remains minimal, while the secondary market continues to show more steady growth. This was reported by specialists of Sberbank's Domclick service based on the results of a joint study with the Sbera Financial Analytics Center.

According to the study, in June, the average cost per square meter in the primary market increased by 0.4%, reaching 190.2 thousand rubles. In the ready—made housing market, prices increased by 1% for the second month in a row, to 127.2 thousand rubles per square meter. In annual terms, new buildings rose in price by 8.8%, and secondary housing — by 9.9%.

Analysts note that the additional demand that arose in anticipation of the announced differentiation of family mortgage rates could not change the overall market situation. The share of monthly sales in the volume of ongoing construction increased to only 1.6%, which remains below the 2% level comfortable for developers. At the same time, the volume of unsold housing remained at a record high of about 83 million square meters. m.

Experts call the deterioration of financial indicators of developers an additional factor of pressure on the market. By the end of May, the level of debt coverage with funds in escrow accounts dropped to a historic low of 70%, and the volume of credit load per square meter of housing under construction reached a record 89.1 thousand rubles.

The study also notes increased competition between new buildings and newly built secondary housing. The cost per square meter in houses commissioned less than ten years ago in June amounted to 182.8 thousand rubles, which is only 3.9% lower than the level of new buildings. At the same time, the annual price growth in this segment is estimated at about 20%, which significantly exceeds the dynamics of the primary market.