Greater Tokyo March existing condo sold pricing extends rally to 17 straight months
- Adam German
- 16 hours ago
- 2 min read
Existing condominium transactions in the Greater Tokyo Area (GTA) rose slightly in March, extending a 17-month streak of year-on-year (YoY) growth, according to data released April 10th by the Real Estate Information Network for East Japan (REINS).
A total of 5,001 resale condominium units were transacted across the GTA during the month, inching up 0.2% from a year earlier.
The GTA consists of the following prefectures: Tokyo, Kanagawa, Chiba and Saitama.
Broken down by GTA prefecture, Tokyo recorded 2,583 transactions (down 2.9% YoY), while Saitama rose 0.7% to 577 deals, Chiba increased 1.1% to 566, and Kanagawa climbed 6.5% to 1,275.
Graph courtesy of REINS report linked at the bottom of this article. Sales price reporting is voluntary in Japan while listing prices are mandatory, which can help explain the wide divergence between the red line and the others as not all sales are reported, especially in the higher budgets.
Price per square meter growth remained pronounced. The average GTA existing condo sales price reached ¥863,400 per square meter, up 9.3% from a year earlier and extending a 71-month streak of annual price increases.
The average GTA sales price per condo climbed to ¥55.21 million, up 11.6% year-on-year and continuing a run of 17 consecutive monthly increases.
The average GTA building age of transacted units reached 27.24 years old, increasing by 0.66 years compared with March the previous year.
On the supply side, new GTA on-market listings totaled 16,607 units in March, down 1.4% from a year earlier and marking the second consecutive monthly decline.
Pro-tip: being listed on REINS is the borderline between on and off-market listings in Japan; if on REINS then the listing is considered on-market and likewise, if not listed on REINS then it is considered off-market.
However, overall on-market inventory (new listings added to those already on-market) rose to 44,728 units, up 1.8% year-on-year and increasing for the first time in eight months.
Further Reading:
March 2026 REINS Market Watch Summary Report (Japanese only; offers more granular information than that outlined above. Upload to your favorite AI-bot for further details)
Source:
R.E. Port News (Japanese only)
