Decline in transactions and rising prices in the Greater Tokyo used condominium market
First written in FY2022-Q2. . Latest entry: FY2026-H1.
The whole theme swung hardest in 2024: 1 of 7 companies on the "Worse" side.
2 other companies' latest entry also says "Other".
- FY2026-H1More transactions and higher prices, with signs of a ceiling in some areasAnnual report
「In the Greater Tokyo used condominium market, the number of transactions from January to April 2026 was 16,488, up 0.9% year on year. In particular, properties in the six central Tokyo wards that are relatively new and high-end were being put up for sale, bringing the average transaction price in Greater Tokyo to ¥72.25 million as of April, up 30.5% year on year. Meanwhile, in Tokyo's 23 wards, the proportion of units being discounted because of their high prices has increased, and some areas are showing signs of reaching a ceiling.」
The number of transactions increased 0.9% year on year and the average transaction price rose 30.5%, while discounts due to high prices increased and some areas showed signs of reaching a ceiling. - FY2025More transactions, with prices continuing to riseAnnual report
「In the Greater Tokyo used condominium market, the number of transactions from January to October 2025 was 40,704 units, up 31.9% year on year, while the average price as of October 2025 was ¥61.15 million, up 25.7% year on year.」
Used condominium transactions increased 31.9% year on year, while the average price rose 25.7% to a new high. - FY2025-H1More transactions, with prices continuing to riseAnnual report
「In the Greater Tokyo used condominium market, the number of transactions from January to April 2025 was 16,335 units, up 24.5% year on year, as some buyers moved to purchase sooner in anticipation of higher mortgage rates. Properties in central Tokyo, which continue to attract investment capital, have pushed up the average price, which reached ¥55.35 million as of April 2025, up 20.2% year on year and a new record high.」
Used condominium transactions turned to growth, increasing 24.5% year on year, while the average price rose 20.2% year on year to a new record high. - FY2024-Q2More transactions, but lower pricesAnnual report
「In the Greater Tokyo used condominium market, the number of transactions from January to April 2024 was 13,122 units, up 7.4% year on year. As of April 2024, the average price was ¥46.06 million, down 5.1% year on year.」
Used condominium transactions increased 7.4% year on year, while the average price fell 5.1% year on year. - FY2024-Q1More transactions, with a change in the price indicatorAnnual report
「In the Greater Tokyo used condominium market, the number of transactions in 2023 remained slightly above the previous year's level at 35,987 units, up 1.6% year on year. As of January 2023, the average transaction price was ¥46.75 million, down 3.5% year on year.」
Annual used condominium transactions turned to year-on-year growth of 1.6%, while the reported average transaction price was down 3.5% year on year. - FY2023More transactions, with prices continuing to riseAnnual report
「In the Greater Tokyo used condominium market, the number of transactions from January to October 2023 was 30,146 units, up 1.2% year on year and slightly above the previous year's level. As of October 2023, the average transaction price was ¥47.65 million, up 8.4% year on year.」
The number of transactions turned to year-on-year growth, while the average transaction price rose 8.4% and remained at a high level. - FY2023-Q3Transactions nearly at the previous year's level, with prices continuing to riseAnnual report
「In the Greater Tokyo used condominium market, the number of transactions from January to July 2023 was 21,301 units, down 0.4% year on year and broadly in line with the previous year. As of July 2023, the average transaction price was ¥45.63 million, up 4.9% year on year.」
The decline in used condominium transactions narrowed to 0.4% year on year, nearly matching the previous year's level, while the average transaction price rose 4.9%. - FY2023-Q2Narrowing decline in transactions, with prices continuing to riseAnnual report
「In the Greater Tokyo used condominium market, the number of transactions from January to April 2023 declined slightly, falling 1.5% year on year to 12,217 units. The average price was ¥42.01 million, up 5.0% year on year, remaining at a high level, and the market was active.」
The decline in used condominium transactions narrowed to 1.5% year on year, while the average price rose 5.0%; the description of prices remaining at a high level and an active market continues. - FY2023-Q1Decline in transactions continues, with the full-year figure updatedAnnual report
「In the Greater Tokyo used condominium market, the number of transactions in 2022 fell 11.0% year on year to 35,429 units, but selling prices continued to rise, as they did for new condominiums.」
The full-year number of transactions for used condominiums in 2022 was 35,429 units, down 11.0% year on year, while selling prices continued to trend higher. - FY2022Decline in transactions continues, with the rate of decline wideningAnnual report
「In the Greater Tokyo used condominium market, the number of transactions from January to October 2022 fell 11.1% year on year to 29,797 units, but transaction prices continued to rise and the market remained active.」
The number of transactions fell 11.1% year on year, meaning the rate of decline widened slightly for the year-to-date period from the 11.9% decline as of Q3. Meanwhile, the description of rising transaction prices and an active market remains unchanged. - FY2022-Q3Decline in transactions continues, but the rate of decline narrowsAnnual report
「In the Greater Tokyo used condominium market, the number of transactions from January to July 2022 fell 11.9% year on year to 21,389 units, but transaction prices continued to rise and the market remained active.」
The number of transactions fell 11.9% year on year, but the rate of decline narrowed from the 15.7% decline previously reported. The description of rising transaction prices and an active market remains unchanged. - FY2022-Q2First statedAnnual report
「In the Greater Tokyo used condominium market, the number of transactions from January to April 2022 fell 15.7% year on year to 12,405 units, but transaction prices continued to rise and the market remained active.」
The number of transactions in the used condominium market fell 15.7% year on year, while transaction prices continued to rise and the market remained active.