Decline in Used Condominium Transactions and Increase in Inventory
First written in FY2023-Q1. 7 of 15 entries say "Mitigated", first in FY2024-Q1. Latest entry: 2026-10-15.
The whole theme swung hardest in 2024: 1 of 7 companies on the "Worse" side.
2 other companies' latest entry also says "Worsened".
- FY2026-H1More closed transactions, slight inventory increaseAnnual report
「From December 2025 through May 2026, the number of completed transactions for used condominiums in the Tokyo metropolitan area was 24,172, up 3.59% year on year. The average month-end inventory during the same period was 44,836 units, up 0.40% year on year.」
Closed transactions increased 3.59% year on year, while average inventory increased 0.40% year on year. Inventory turned from a year-on-year decline in the previous period to a slight increase. - FY2025MitigatedAnnual report
「From December 2024 to November 2025, the number of closed transactions for existing condominiums in the Tokyo metropolitan area was 48,297 (130.5% of the previous year). Meanwhile, average month-end inventory during the same period was 44,359 units (97.2% of the previous year).」
Closed transactions increased and average inventory decreased year on year, further mitigating the risk of fewer closed transactions and higher inventory in the existing-condominium market. - FY2025-H1MitigatedAnnual report
「From December 2024 to May 2025, the number of closed transactions for existing condominiums in the Tokyo metropolitan area was 23,334 (up 4,426 year on year). Meanwhile, average month-end inventory during the same period was 44,656 units (down 1,942 year on year).」
Closed transactions increased while average inventory decreased year on year, indicating an improvement in the market environment of fewer closed transactions and higher inventory. - FY2024-Q2MitigatedAnnual report
「From December 2023 to May 2024, the number of closed transactions for existing condominiums in the Tokyo metropolitan area increased by 1,119 year on year (6.3%). Meanwhile, month-end inventory during the same period decreased by 176 units year on year (0.4%).」
The increase in closed transactions accelerated from 4.0% year on year to 6.3%, while inventory turned from a year-on-year increase to a 0.4% decline. - FY2024-Q1MitigatedAnnual report
「According to the Public Interest Incorporated Foundation East Japan Real Estate Distribution Organization (East Japan REINS), the number of closed transactions for existing condominiums in the Tokyo metropolitan area from December 2023 to February 2024 increased by 346 year on year (4.0%). Average month-end inventory during the same period also increased by 2,868 units year on year (6.4%).」
Closed transactions turned from a year-on-year decline to a 4.0% increase, while the growth rate of average inventory slowed from 19.4% in the previous period to 6.4%. Inventory nevertheless continued to increase. - FY2023More closed transactions, slower inventory growthAnnual report
「From December 2022 to November 2023, the number of closed transactions for existing condominiums in the Tokyo metropolitan area increased by 406 year on year (1.1%). Meanwhile, average month-end inventory during the same period increased by 7,358 units year on year (19.4%).」
Closed transactions turned from a year-on-year decline to a 1.1% increase, while the inventory growth rate slowed from 20.7% to 19.4%; inventory nevertheless continued to increase. - FY2023-Q3Smaller decline in closed transactions, faster inventory growthAnnual report
「According to the Public Interest Incorporated Foundation East Japan Real Estate Distribution Organization (East Japan REINS), in the existing-home distribution market in which the existing-home renovation business operates, the number of closed transactions for existing condominiums in the Tokyo metropolitan area from December 2022 to August 2023 decreased by 113 year on year (0.4%). Meanwhile, average month-end inventory during the same period increased by 7,714 units year on year (20.7%).」
The year-on-year decline in closed transactions narrowed from 2.1% to 0.4%, while the growth rate of average inventory increased from 20.3% to 20.7%. - FY2023-Q2WorsenedAnnual report
「According to the Public Interest Incorporated Foundation East Japan Real Estate Distribution Organization (East Japan REINS), in the existing-home distribution market in which the existing-home renovation business operates, the number of closed transactions for existing condominiums in the Tokyo metropolitan area from December 2022 to May 2023 decreased by 374 year on year (2.1%). Meanwhile, average month-end inventory during the same period increased by 7,491 units year on year (20.3%).」
The year-on-year decline in closed transactions widened from 1.5% to 2.1%, while the inventory growth rate rose from 20.1% to 20.3%. - FY2023-Q1First statedAnnual report
「From December 2022 to February 2023, the number of closed transactions for existing condominiums in the Tokyo metropolitan area decreased by 131 year on year (1.5%). Meanwhile, average month-end inventory during the same period increased by 7,501 units year on year (20.1%).」
Quantifies the decline in closed transactions and increase in inventory as market conditions in the existing-home distribution market.