Greater Tokyo existing condo deals up 35 percent YoY in May 2025
- Adam German
- Jun 11
- 1 min read
The Real Estate Information Network for East Japan (REINS) released its May 2025 report on the Greater Tokyo Area’s (GTA) real estate market on June 10th, highlighting continued momentum in the existing condominium sector.
Existing Condo Sales Contracts Up for 7th Consecutive Month
A total of 3,841 existing condominiums changed hands across the GTA in May, marking a 35.0% year-on-year (YoY) increase and the seventh straight month of growth.
Graph courtesy of REINS report, edited by Patience Realty. Full report is linked at bottom of the article.
The GTA consists of Tokyo, Kanagawa, Chiba and Saitama prefectures and all four in the region saw double-digit YoY gains:
Tokyo: 2,127 units (+38.5%)
Saitama: 445 units (+35.3%)
Chiba: 371 units (+12.4%)
Kanagawa: 898 units (+38.2%)
Prices Reach New Highs, Topping 1990 Levels
The average contracted price per square meter rose 10.2% from a year earlier to ¥840,600, marking 61 consecutive months of YoY increases and exceeding levels last seen in October 1990.
The average transaction price per unit was ¥53.11 million, up 9.9% year-on-year, also rising for the seventh straight month.
However, the average unit size contracted slightly to 63.18 square meters (-0.3%), while the average building age climbed to 26.71 years, an increase of 2.3 years from May 2024.
New Listings Rebound After 15 Months
New listings totaled 15,636, a 3.6% increase from the same month last year — the first uptick in 15 months.
Inventory continued to tighten, with 44,314 units on the market, down 2.8% year-on-year and the 13th consecutive monthly decline.
Further Reading:
REINS Greater Tokyo May 2025 Existing Sales Trend Report (Japanese only; offers more granluar information than outlined above)
Source:
R.E. Port News (Japanese only)
