Saudi Real Estate Takes 75 to 110 Days to Sell as Sellers Concede 3% to 8% Discounts

Saudi real estate market data indicates that residential units offered for sale take an average of 75 to 110 days before a deal is finalized, reflecting a clear slowdown in buying and selling activity compared to previous periods.

Industry sources reported that sellers are now forced to offer discounts ranging from 3% to 8% off original asking prices to sell their units, in a clear sign of the balance shifting in favor of buyers, who now have broader room to negotiate and choose the right time to purchase.

This shift is attributed to a combination of interconnected factors, most notably an increase in residential supply and declining inflation rates, alongside pressure exerted by the expansion of government housing programs on free-market prices, leading to an inventory buildup and prolonged negotiations in most transactions.

The severity of this slowdown varies by region; high-density neighborhoods and those close to major projects show relatively better performance, while peripheral areas and some new development projects face longer waiting periods and deeper discounts.

**What do these terms mean?**

**Time on Market:** The duration a property remains listed for sale without finding a buyer; the longer this period, the more it indicates weak demand or a price above true value. **Price Discount:** The difference between what the seller initially requested and what they ultimately accepted, serving as a direct measure of the strength or weakness of their bargaining position.