More supply, less demand, higher prices: In no other top 7 city are prices climbing as much as in Stuttgart

In the premium apartments segment – defined as offers that have a price per square metre starting at €6,829 – the market is experiencing a dynamic development in supply and prices. The number of advertisements in the first quarter of 2026 increased by 10.0% compared with the first quarter of 2025. Prices per square metre also climbed by a median of 10.0% to €7,950/m² in the same period, which corresponds to the largest percentage increase among the top 7 cities.

Demand, which was determined in the DAHLER analysis based on the development of prospective enquiries registered by ImmoScout24, fell by 3.0%. Munich (-1%) and Stuttgart are thus the only top 7 cities where demand has fallen compared to Q1-2025.

"The development in the premium residential segment reflects the special situation of Stuttgart as a business location. Above all, the uncertainty in the automotive industry – characterized by transformation pressure, cost-cutting programs, possible job adjustments and weaker demand in important sales markets – is likely to contribute to the fact that purchasing decisions in the premium segment are currently being weighed up even more carefully and sometimes postponed. We are observing that many prospective buyers are adjusting their original budgets downwards or postponing the search for residential property for the time being and are instead considering high-quality rental properties. At the same time, financing costs meet a still high price level. Against this background, the declining demand despite rising asking prices is understandable," says Boris Mayer, owner of DAHLER Stuttgart.

"A detailed look at the individual districts shows that the increased supply is concentrated in a few sub-markets. Stuttgart-Nord and Stuttgart-West in particular have a high number of advertisements, some of which have been available on the market for a long time," adds Mayer.

Prices for premium houses – which include properties with asking prices starting at around €6,829/m² – fell by 8.2% year-on-year to a median of €9,181/m². The supply was reduced by 5.3%. This makes Stuttgart the only city in the top 7 where the supply is declining.

"The figures show that many prospective buyers are making targeted use of the current market phase. After years of a very tense market, buyers today find more choice and in some cases more attractive entry prices. In my daily work, I observe that demand is increasing again, especially in the premium house segment. At the same time, supply remains scarce, as many owners hope for better market conditions and postpone a sale for the time being," Mayer classifies the figures.

• In the premium condominium market, the number of offers increased by 10.0% in the first quarter of 2026 (compared to Q1-2025).
• The median price in the premium segment of the condominium market in Stuttgart was €7,950/m² (+10.0% compared to Q1-2025).
• The premium condominium market recorded a 3% decline in demand in the first quarter of 2026 (compared to Q1-2025).

• In the first quarter of 2026, the supply on the premium market for houses - with a manageable number of offers - fell by 5.3% compared with the same quarter a year earlier.
• The median price in the premium segment in Stuttgart was €181/m², 8.2% below the Q1-2025 figure.