National Unsold Houses Total 38,304 Units... 38% Decrease Compared to Previous Year

Seoul 91 Units, Sejong 0 Units
Meanwhile, Unsold Houses in Gyeongsang-do Exceed 10,000 Units
Ministry of Land, Infrastructure and Transport: "Continued Decreasing Trend"

[Asia Economy Reporter Moon Jiwon] The Ministry of Land, Infrastructure and Transport announced on the 29th that the total number of unsold houses nationwide stood at 38,304 units as of the end of last month. This represents a decrease of more than 38% compared to one year ago.

According to the Ministry on this day, the number of unsold houses nationwide decreased from 63,705 units in June last year, 60,062 units in September, 47,797 units in December, and 39,456 units in February this year, to about 38,304 units last month.

Unsold houses after completion were recorded at 16,649 units as of the end of last month, down 4.1% from the previous month (17,354 units).

Unsold houses after completion have also been continuously decreasing, with 19,587 units in November last year, 18,065 units in December, and 17,500 units in January this year.

By region, unsold houses in the metropolitan area were 4,202 units, down 0.7% from the previous month (4,233 units). In the provinces, the number was 34,102 units, down 3.2% from the previous month (35,223 units).

Seoul (91 units), Sejong (0 units), and Gwangju (32 units) were relatively favorable, but Gyeongnam (10,827 units), Gyeongbuk (5,296 units), and Gangwon (3,902 units) had many unsold houses.

However, the Ministry explained that "unsold houses in the provinces have been decreasing for seven consecutive months since August last year (52,054 units)."

By size, unsold medium to large houses over 85㎡ were recorded at 2,965 units, down 4.9% from the previous month (3,119 units). Houses 85㎡ or smaller decreased by 2.7% from the previous month (36,337 units) to 35,339 units.

This content was produced with the assistance of AI translation services.