Nationwide March Housing Sales Transactions Total 102,109... 6% Decrease Compared to Previous Year

[Asia Economy Reporter Moon Jiwon] The Ministry of Land, Infrastructure and Transport announced on the 19th that the number of housing sales transactions in March was 102,109, an increase of 17.3% compared to the previous month (87,021 transactions).

This is a 6.0% decrease compared to the same month last year, which recorded 108,677 transactions. The number of transactions in the metropolitan area was 49,358, up 4.1% from the previous month but down 24.1% compared to last year.

In the provinces, there were 52,751 transactions, an increase of 33.2% from the previous month and 20.9% compared to the same month last year.

Apartment transactions (69,827) increased by 16.3% from the previous month, while non-apartment housing transactions (32,282) rose by 19.7%.

Additionally, the total number of monthly rental (jeonse and wolse) transactions in March (based on the reporting date) was 219,457. This is a 10.2% increase from the previous month’s 199,157 transactions and a 9.9% increase compared to the same month last year (199,758 transactions).

Metropolitan area transactions (151,730) increased by 16.0% from the previous month and by 10.8% compared to the same month last year. In the provinces (67,727), transactions rose by 8.8% from the previous month and 7.8% compared to one year ago.

Jeonse transactions totaled 125,895, up 9.7% from the previous month, while wolse transactions were 93,562, an increase of 10.8%.

For more detailed information, please refer to the Korea Real Estate Board’s Real Estate Statistics System or the Ministry of Land, Infrastructure and Transport’s actual transaction price disclosure website.

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