Existing condo sales in Greater Tokyo up double digits for third straight month
- Adam German
- 21 hours ago
- 2 min read
On April 10th, the Real Estate Information Network for East Japan (REINS; pronounced “rains”) released its March 2025 Greater Tokyo Existing Property Market Report, showing continued momentum in the resale condominium sector across the Greater Tokyo Area (GTA).
The GTA consists of Tokyo, Kanagawa, Chiba and Saitama prefectures.
All percentages shown are year-on-year (YoY) changes; in other words, March 2025 data compared to March 2024.
Sales Rise Across All Prefectures, Led by Kanagawa
A total of 4,991 existing condominiums changed hands in March, up 31.0% from the same month last year.
Graph provided by REINS and translated by Patience Realty. The full report is linked at the bottom of this article.
This marked the fifth consecutive month of growth and the third straight month of double-digit YoY increases.
March existing condo sales broken down by prefecture are:
Prefecture | No. of Condo Sales | YoY % Change |
Tokyo | 2,661 | 28.7% UP |
Kanagawa | 1,197 | 38.1% UP |
Chiba | 560 | 28.4% UP |
Saitama | 573 | 30.6% UP |
Kanagawa Prefecture saw the steepest growth. In the cities of Yokohama and Kawasaki alone, there were 843 sales (+33.2%), while the rest of the prefecture recorded 354 transactions, a 51.3% increase.
Greater Tokyo Prices Continue to Climb, but Units Are Smaller and Older
Other key metrics for GTA March 2025 are below:
Average price per square meter: ¥790,100 (+4.1%)
Average condo price: ¥49.45 million (+2.6%)
Average unit size: 62.58 m² (−1.5%)
Average building age: 26.58 years (+2.63 years)
The price per square meter rose for the 59th consecutive month, continuing a trend that began in May 2020.
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While overall prices increased, the average floor area of sold units decreased, and the average building age rose compared to the same month last year.
GTA Existing Condo Inventory Continues to Tighten
March 2025 new listings: 16,844 units (−0.01%)
Total inventory: 43,941 units (−5.2%)
New listings in March remained virtually flat but did mark the 13th consecutive month of YoY decline, while total inventory fell for the 11th month in a row.
Further Reading:
REINS March 2025 Greater Tokyo Existing Property Market Report (Japanese only)
Source:
R.E. Port News (Japanese only)
