Idealista reports 13% of Spanish homes sold in Q3 2024 were bought within a week of listing, with Granada and Ávila leading the “express sales” trend. Find out which cities saw the fastest property transactions.
Spain’s property market continues to move at a lightning pace in many regions, with new figures from real estate portal Idealista showing that 13% of all homes sold in the third quarter of 2024 were purchased in less than a week after being listed.
Surging Demand Keeps “Express Sales” Stable
According to Idealista’s latest report, the phenomenon of “express sales”—properties changing hands in under seven days—has held steady for the past year, with the same 13% share recorded both quarterly and annually. This trend highlights a mix of high demand, motivated buyers, and low supply in many areas of the country.
The study also shows a diverse range in selling speeds:
- Another 21% of homes sold within a week to a month
- 26% sold between one and three months
- 32% took between three months and a year
- Just 8% lingered on the market for more than a year
Regional Leaders: Granada, Ávila, and Segovia Stand Out
Granada proves to be the Spanish province with the fastest sales, with 23% of all homes finding buyers within a week. Other hotspots include Segovia and Ávila (19%), Guadalajara (18%), and Navarra, Madrid, and Cantabria (each at 17%).
Capital cities saw even more intense activity, especially Ávila, where a striking 28% of properties sold in under a week. Granada (24%), Segovia and Pamplona (22%), Huelva (20%), Malaga (19%), and both Teruel and Madrid (18%) were all above the national average, indicating significant buyer eagerness or scarce inventory.
Large Markets and Notable Changes
While big cities such as San Sebastián, Bilbao, and Seville also boast strong express sales (16%), Barcelona (15%), Palma (12%), and Alicante (11%) recorded moderate, albeit still rapid, paces.
Notably, some capitals—like Teruel (up from 0% to 18%), Segovia (from 7% to 22%), and Ávila (from 16% to 28%)—witnessed a dramatic rise in express sales, suggesting surges in demand or changing market dynamics.
On the other hand, several locations saw slower markets: Zamora registered the lowest (2%), followed by Ourense (6%) and a group of cities at 8% (Logroño, Lugo, Ceuta, Jaén). Girona showed the sharpest drop, falling from 23% to 13% over the year.
What’s Driving the Rapid Deals?
Experts point to persistent buyer confidence, limited housing stock, and perhaps more realistic pricing for sparking quick sales, especially in sought-after areas. Meanwhile, the slight slowdown in some cities signals greater selectivity or stabilization after previous frenzies.
Looking Ahead
As one in eight properties continues to sell within days of being listed, the trend of rapid transactions remains a defining feature of Spain’s evolving real estate landscape. Whether this pace holds steady will likely depend on future supply, economic sentiment, and local demand.
