New property listings drop in July while sales transactions continue rising says REINS

Adam German
Aug 21
2 min read

The Real Estate Information Network System (REINS), operated by the Real Estate Distribution Promotion Center, has released its July 2025 nationwide average market statistics.

The REINS system is a broker-accessed only multi-listing service that serves as the on-market backbone of Japan’s brokerage industry. The term “on-market” in the Japanese context means whether the property is listed in REINS or not; if so then it is “on-market” and if not, the property is “off-market”.

All percentages presented below are Year-on-Year (YoY) changes or in other words, percentile changes when compared to the same month the previous year.

Wix text-to-AI generated image using the prompt "Japanese people in a modern office analyzing data" using a Painting filter. AI image generation has come a long way but is still having some trouble with hand creation as noted by the five fingers and one thumb of the man's hand. All rights reserved.

The figures show a continued cooling in overall new property listings but also highlight notable differences between the sales and rental segments.

Sales & Rental Overall Key Highlights from July 2025

New listings in July: 320,620 properties (down 7.3% YoY)
Transactions (closed deals): 51,309 (up 9.8%)
Total listings (inventory): 814,268 (down 5.5%)

This marks the 16th straight month of decline for new listings, while reported sales / rental transactions have now grown for nine consecutive months.