Tbilisi sold 4,245 flats in September and the average deal was about $88,600

4,245 apartments changed hands in Tbilisi in September 2026, 6.4% more than in September 2025. The money behind those sales came to $376 million, 24.1% more than a year earlier. Volume grew by one sixth of what value grew by, which tells you the market is being carried by price rather than by more buyers. The two preceding months were busier in absolute terms — 4,486 transactions in July and 3,388 in August — so September was a normal autumn month, not a spike.

Weighted-average prices in new developments rose 12.3% in central districts, 15% in the neighbourhoods adjacent to them and 9.9% in outlying districts. The middle ring outran the core. For anyone pricing a flat in Chughureti, Didube or the nearer parts of Isani, that is the number that matters more than the headline city average. Across the market as a whole, primary-market prices rose 11.9%, resales in newer developments 10%, and older buildings 14%.

Purchases in new developments rose 9.8%, direct developer sales 6.3% and resales within new developments 14.6%. Transactions in older properties fell 4.7% — the only category that shrank, even though prices for older buildings rose 14%. The pattern suggests owners of older stock are asking more and selling less often, while the liveliest trade is second-hand units inside recent buildings. If you own in an older building and are waiting for a faster sale, the volume figures are not on your side.

The average transaction worked out at roughly $88,600, up 16.6% on September 2025 — but that is a figure the reporting outlet derived by dividing total value by transaction count, not a price per square metre and not a Colliers number. An average deal can rise because flats got dearer, because buyers bought larger ones, or because the mix of districts shifted. All three are plausible here. Treat it as a direction of travel for one month in one city, and price your own flat from comparable recent sales in your own building and street rather than from a city-wide figure.