Nationwide Unsold Houses Total 33,894 Units... 7.5% Decrease Compared to Previous Month

[Asia Economy Reporter Moon Jiwon] The Ministry of Land, Infrastructure and Transport announced on the 29th that as of the end of last month, the total number of unsold houses nationwide was 33,894 units, a decrease of 7.5% compared to the previous month (36,629 units) and a 46.0% decrease compared to the same month last year (62,741 units).

The number of unsold houses has been continuously decreasing, with 62,741 units in May last year, 56,098 units in October of the same year, and 39,456 units in February this year.

Unsold houses after completion were recorded at 15,788 units as of the end of last month, a 3.6% decrease compared to the previous month (16,372 units).

By region, unsold houses in the metropolitan area were 3,016 units, down 20.3% from the previous month (3,783 units), and in the provinces, 30,878 units, down 6.0% from the previous month (32,846 units).

Unsold houses in the provinces have been decreasing for nine consecutive months from 52,054 units in August last year. Compared to the same month last year (52,523 units), it decreased by 41.2%.

By size, unsold medium to large houses over 85㎡ were recorded at 2,675 units, down 8.5% from the previous month (2,925 units), and those 85㎡ or less decreased by 7.4% from the previous month (33,704 units) to 31,219 units.

The status of unsold houses nationwide can be checked on the Ministry of Land, Infrastructure and Transport's Land and Transport Statistics Nuri website.

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