Greater Tokyo Condo transactions fall for third month in June
- Adam German
- 3 days ago
- 1 min read
Existing condominium transactions and prices in the Greater Tokyo Area declined again in June, while the existing single-family home market continued to record growth.
The East Japan Real Estate Information Network, or REINS, released the data on July 10th.
Existing Condominium Prices Fall as Inventory Rises
The average sold price per square metre fell 0.8 percent year-on-year to JPY 826,400, while the average price per unit slipped 0.02 percent to JPY 52.08 million.
Both measures declined for the second consecutive month.
New listings increased 1.7 percent to 16,277, and inventory rose 3.5 percent to 45,995 units.
A total of 4,241 existing condominiums were sold, down 1.3 percent and marking a third consecutive annual decline.
Tokyo transactions fell 9.5 percent to 2,136. Sales increased in Saitama, Chiba and Kanagawa, led by a 19.0 percent rise in Chiba.
Transactions in the Tokyo 23 wards declined for a sixth consecutive month, while the Tama area recorded its third straight increase.
Existing SFH Prices Rise as Supply Tightens
The average sold price of an existing single-family home increased 1.7 percent to JPY 40.06 million, extending its year-on-year growth streak to six months.
Transactions rose 3.9 percent to 2,019, marking a third consecutive increase.
Kanagawa recorded the strongest growth at 11.2 percent, followed by Chiba and Saitama. Tokyo was the only prefecture to decline.
New listings fell 2.3 percent to 6,559, while inventory decreased 1.9 percent to 22,893 properties.
Both measures declined year-on-year for the fifth consecutive month.
Further Reading:
R.E. Port News (Japanese only)
REINS Market Summary Watch June 2026 (Japanese only; offers more granular information then that outlined above. Drop PDF into your favorite AI-bot for greater understanding)
