On February 10th, the Real Estate Information Network for East Japan (REINS; pronounced “rains”) released property trends in the Greater Tokyo Area (GTA) for January 2025.
The GTA consists of Tokyo, Chiba, Kanagawa and Saitama prefectures.
Wix AI generated image using the prompt "people reacting to Tokyo condo inventory declining" with a "paint" filter. All rights reserved.
All numbers presented below are averages meant to illustrate market trends. They offer no guarantee of any kind on pricing. Real estate is a hyper-local venture so always consult with a licensed realtor for your property specific needs.
The number of sales contracts for existing condominiums in the GTA increased significantly to 3,242 units, up 19.6% year-on-year (YoY), marking the third consecutive month of increase.
Prefecture | Condos Sold | YoY % Change |
Tokyo | 1,759 | 17.3% up |
Kanagawa | 754 | 23.8% up |
Chiba | 366 | 20.0% up |
Saitama | 363 | 21.8% up |
The GTA average sold price per square meter rose for the 57th consecutive month to 818,800 yen (up 7.8% YoY), surpassing the post-bubble peak of November 1990 (801,400 yen).
The average sold price per condo increased for the third consecutive month to 51.47 million yen (up 5.9% YoY).
The number of new listings added to on-market inventory in January continued to decline for the 11th consecutive month to 15,459 units (down 6.5% YoY).
The overall inventory of on-market condos currently for sale decreased for the 9th consecutive month to 45,478 units (down 4.2% YoY).
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The number of contracts for existing single-family homes (SFH) increased significantly to 1,279 units (up 33.0% YoY), marking the third consecutive month of increase.
The average GTA SFH sold price was 37.85 million yen (down 0.5% YoY), remaining almost flat but falling below the year-on-year level for the first time in three months.
Further Reading:
January 2025 Real Estate Information Network for East Japan Market Summary (Japanese only)
Source:
R.E. Port News (Japanese only)
