On the 12th, the East Japan Real Estate Distribution Organization released its report on the real estate distribution market in the Tokyo metropolitan area for July 2025.
In July, the number of contracts for existing (pre-owned) condominiums in the Tokyo metropolitan area increased for the ninth consecutive month, reaching 3,979 transactions (up 24.6% year-on-year). By prefecture, Tokyo recorded 2,164 contracts (up 23.9%), Saitama had 464 (up 22.8%), Chiba saw 430 (up 15.3%), and Kanagawa reported 921 (up 32.3%), showing significant growth across all prefectures.
The average unit price per square meter rose to 854,700 yen (up 8.2% year-on-year), marking the 63rd consecutive month of increase since May 2020. The average contract price per unit was 53.03 million yen (up 5.0% year-on-year), rising for the ninth straight month. The average floor area was 62.05 square meters (down 3.0% year-on-year), and the average building age was 26.67 years, up 2.13 years from the same month last year.
New listings totaled 15,590 (down 0.5% year-on-year), marking the first decrease in three months, though the figure remained nearly flat. Inventory stood at 44,689 units (up 0.4% year-on-year), also nearly flat but representing the first increase in 15 months since April 2024.
Contracts for existing detached houses increased for the ninth consecutive month to 1,771 (up 42.1% year-on-year). By area, the Tokyo 23 wards saw increases for 19 consecutive months, while the Tama area, Yokohama, Kawasaki, and other parts of Kanagawa, as well as Saitama, all posted gains for nine consecutive months. Chiba Prefecture has seen increases for seven consecutive months. The average contract price for detached houses rose for the first time in two months, remaining almost unchanged at 39.91 million yen (up 0.3% year-on-year).
Reprinted from: Real Estate Distribution Research Institute Co., Ltd.
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