Residential markets are mostly local and regional. However, often reporting the state of the market in the country there is the concentration on the market in the capital and major cities. It is worth to remember that there are many local and regional markets with specific characteristics. Investor planning his activities must be aware of this diversity and local conditions. The authors decided to examine the regional diversity of residential property markets in Poland, taking as indicators: trading activity and prices. Due to the limited information about the prices they are examined in period 2004-2009, while the activity of the transaction was studied from 1995 to 2009. The authors tried to find an explanation of major regional differences.