33,477 Households for Sale Nationwide in September... "Largest Volume This Year"

Real Estate R114, 19,519 Housing Units for Sale in the Seoul Metropolitan Area

Next month, 33,477 housing units are scheduled for sale nationwide. This is the largest monthly volume this year, with more than 10,000 units concentrated in Seoul.

[Image source=Yonhap News]

According to Real Estate R114 on the 31st, 33,477 housing units (excluding rentals) are scheduled for sale nationwide in September. This is more than double the volume compared to the same period last year (14,793 units).

The scheduled supply in the metropolitan area next month totals 19,519 units, which is more than three times the 5,326 units from the same period last year. Comparing by region to the same period last year, the supply increased in all areas: ▲Seoul (0 units → 10,095 units) ▲Gyeonggi (3,227 units → 6,251 units) ▲Incheon (2,099 units → 3,173 units).

Major housing complexes for sale in Seoul include ▲Imun I-Park Xi in Imun-dong, Dongdaemun-gu, Seoul (4,321 units) ▲Hillstate e-Pyeonhansesang Munjeong in Munjeong-dong, Songpa-gu, Seoul (1,265 units) ▲Hillstate Gwanak Cent Ciel in Bongcheon-dong, Gwanak-gu, Seoul (997 units).

[Image provided by Budongsan R114]

In the provinces, 13,958 housing units are scheduled for sale. This is a 47% increase compared to the same period last year (9,467 units). The regions driving the increase are Busan (5,650 units scheduled) and Gwangju (3,560 units scheduled), with these two areas accounting for more than half of the total provincial supply.

The subscription competition rate in the metropolitan area, which showed a shortage at the beginning of the year, reversed to a fierce competition with an average of 39 to 1 as of August (91 to 1 in Seoul). However, during the same period, the provinces remain sluggish with a rate of 3.7 to 1 (5 to 1 in metropolitan cities), failing to escape the early-year downturn.

A Real Estate R114 official said, “While the provinces may be somewhat influenced by the improved market sentiment in the metropolitan area, a full recovery is likely only after the accumulated unsold inventory in the regions decreases to a certain level. Since the September supply is higher than the historical average, it is important to closely monitor the trend of unsold housing changes linked to subscription results.”

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