In August 2026, 798 apartment sellers in Sofia reduced their asking price. This represents 3.2% of all listings that were on the market during the month. Among all recorded price changes, reductions accounted for 65.7%.
During the same period, there were also 492 cases of asking price increases, allowing a comparison between these two types of seller behavior.
During the same period, there were also 492 cases of asking price increases, allowing a comparison between these two types of seller behavior.
How many listings reduced their price in August
A total of 798 apartment listings in Sofia reduced their asking price in August 2026. This is 3.2% of all listings that were on the market during the month. The total number of recorded reductions is 942, as some listings reduced their price more than once.
36.1% of sellers who reduced their price in August did so at least twice over the past year. Among listings that reduced their price, the typical time until the first reduction is 35 days.
36.1% of sellers who reduced their price in August did so at least twice over the past year. Among listings that reduced their price, the typical time until the first reduction is 35 days.
How large is the typical reduction
The typical reduction — the value below which half of reductions fall and above which lies the other half (the median) — is -4% or €10,000. This means half of all reductions were smaller and half were larger than this value.
The distribution of reductions shows that 32.8% were between 1% and 3%, 28.7% between 3% and 5%, 25.2% between 5% and 10%, and 13.4% exceeded 10%. Each percentage share is calculated relative to the price immediately before that reduction.
The distribution of reductions shows that 32.8% were between 1% and 3%, 28.7% between 3% and 5%, 25.2% between 5% and 10%, and 13.4% exceeded 10%. Each percentage share is calculated relative to the price immediately before that reduction.
Which districts had most frequent reductions over the last three months
Over the last three months, the highest share of listings with reduced asking prices was observed in Banishora (8.9%), Lozenets (8.7%), and Center (8.3%). In Manastirski Livadi and Druzhba 1, shares are also significant — respectively 7.2% and 7%. In Malinova Dolina, the share of reductions is 5.4%, but there the typical reduction is largest at -5.1%. In Vitosha, the typical reduction is also higher (-4.9%), although its share is lower (5.3%). These differences show that both frequency and size of reductions vary between districts.
| Neighbourhood | Listings with a reduced price | Share of listings | Typical reduction |
|---|---|---|---|
| Centyr | 207 | 8,3% | -4,4% |
| Malinova Dolina | 172 | 5,4% | -5,1% |
| Manastirski Livadi | 135 | 7,2% | -4,8% |
| Krystova Vada | 112 | 7% | -4,2% |
| Vitosha | 81 | 5,3% | -4,9% |
| Banishora | 68 | 8,9% | -4,4% |
| Lozenec | 65 | 8,7% | -4,1% |
| Ovcha Kupel | 61 | 4,5% | -4,2% |
| Drujba 1 | 53 | 7% | -3,2% |
| Mladost 4 | 51 | 6,2% | -3,5% |
How it has changed over the past year
The share of reductions among all changes in apartment asking prices in Sofia increased from March to July 2026. In March this share was 53.4%, rising to 72.7% by July. In August it decreased to 65.7%. For comparison, nationwide this share was 66.8% in August.
The changes reflect dynamics in seller behavior when adjusting published asking prices.
The changes reflect dynamics in seller behavior when adjusting published asking prices.
Every change to an asking price — up or down — is detected the same way, so the ratio between them can be compared month to month.
How we measure this
All data in this report relate to reductions in published asking prices for apartment listings that were on the market during that month, regardless if they are still active today or have since been withdrawn.
Reductions negotiated at deal time are not included.
The initially published price is not counted as a reduction.
Changes under 1% are ignored as statistical noise.
The twelve-month series shows what share of all recorded asking price changes were reductions.
Reductions and increases are measured by identical methods making their ratio comparable across months.
District data cover the last three months.
Reductions negotiated at deal time are not included.
The initially published price is not counted as a reduction.
Changes under 1% are ignored as statistical noise.
The twelve-month series shows what share of all recorded asking price changes were reductions.
Reductions and increases are measured by identical methods making their ratio comparable across months.
District data cover the last three months.