The number of homes for sale across Spain has fallen by 7% over the past year, although the pace of decline is beginning to slow, according to the latest figures from property portal Idealista.
The study compares the second quarter of 2026 with the same period last year and shows that while most of the country continues to see fewer homes on the market, several of Spain’s biggest cities are bucking the trend.
Madrid leads growth in available homes
Only nine provincial capitals recorded an increase in the number of homes for sale.
Madrid saw the biggest rise, with housing stock increasing by 23%, followed by Valencia on 21%. Barcelona and Seville both recorded increases of 9%, while Santa Cruz de Tenerife also rose by 9%.
More modest increases were seen in Málaga (4%), Pamplona (4%), Santander (1%) and Cuenca (1%).
Most cities still have fewer homes on the market
Despite improvements in some of the largest cities, the majority of Spain’s provincial capitals continue to see falling housing supply.
Palencia recorded the steepest decline, with 40% fewer homes for sale than a year ago. Other large falls were seen in Ourense (36%), Zamora (35%), Melilla (34%) and Ceuta (32%).
Among the larger property markets, Bilbao’s supply dropped by 10%, while Palma recorded a 3% fall. Alicante and San Sebastián both saw a 2% decline.
Provincial figures tell a similar story
At provincial level, only Madrid, Valencia province and Santa Cruz de Tenerife recorded increases in homes for sale over the past year.
Madrid province led with a 16% increase, followed by Valencia province (2%) and Santa Cruz de Tenerife (1%).
Elsewhere, housing stock continued to shrink, with the biggest declines recorded in Palencia (32%), Zamora (29%) and Salamanca (24%).
Signs the market may be changing
Francisco Iñareta, spokesperson for Idealista, said the figures suggest the long-running decline in housing supply may be starting to ease.
He noted that the annual fall has slowed from 11% at the end of 2025 to 7% in the second quarter of 2026, while major markets including Madrid, Barcelona, Valencia and Seville are now seeing stock levels rise.
According to Iñareta, rapidly increasing property prices in Spain’s largest cities may be pushing some buyers out of the market, reducing demand for the limited number of homes available. If that trend continues, it could help moderate price growth in those markets over the medium term.
