February Unsold Homes Nationwide Total 15,786 Units... 7.8% Decrease from Previous Month

[Asia Economy Reporter Kangwook Cho] The Ministry of Land, Infrastructure and Transport announced on the 30th that as of the end of February this year, the total number of unsold houses nationwide was 15,786 units. This is a 7.8% (1,344 units) decrease compared to the previous month (17,130 units).

The nationwide unsold houses have continued to decline this year, following 39,456 units in February last year, 29,262 units in June, and 26,703 units in October.

During the same period, the Seoul metropolitan area recorded 1,597 units, down 14.2% (264 units) from the previous month (1,861 units), and the provinces recorded 14,189 units, down 7.1% (1,080 units) from the previous month (15,269 units).

Unsold houses after completion stood at 10,779 units, a 1.9% (209 units) decrease from the previous month (10,988 units).

By size, among the total unsold units, those larger than 85㎡ numbered 584 units, down 8.3% (53 units) from the previous month (637 units), while those 85㎡ or smaller were 15,202 units, down 7.8% (1,291 units) from the previous month (16,493 units).

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