June Incheon Housing Prices Increase Rate Expands... 0.07% → 0.14%

Last month, the increase in housing sale prices in Incheon expanded. On the other hand, the rise in jeonse prices slightly narrowed due to seasonal factors.

According to the Incheon City June real estate market trend report on the 19th, the rate of change in sale prices in the Incheon area increased from 0.07% in May to 0.14% in June.

The rate of change in sale prices by region last month was 0.65% in Jung-gu, 0.17% in Seo-gu, 0.15% in Namdong-gu, 0.12% in Yeonsu-gu, 0.11% in Michuhol-gu, 0.09% in Gyeyang-gu, 0.02% in Bupyeong-gu, and 0.02% in Dong-gu.

The rate of change in jeonse prices in Incheon was 0.40%, with the increase slightly narrowing due to seasonal factors. By region, Bupyeong-gu recorded the highest increase at 0.64%, followed by Jung-gu at 0.54%, Seo-gu at 0.50%, Namdong-gu at 0.35%, Michuhol-gu at 0.34%, and Yeonsu-gu at 0.25%, maintaining an upward trend. Meanwhile, Dong-gu shifted from an increase to a decrease at -0.01%.

Incheon City Hall exterior view [Photo provided by Incheon City]

The rate of change in land prices in Incheon narrowed from 0.17% in April to 0.16% in May. By region, Yeonsu-gu recorded the largest increase in land price change rate at 0.28% in Incheon.

The volume of housing sale transactions decreased by 2.4%, from 4,190 cases in April to 4,089 cases in May. By region, the numbers were 853 cases in Seo-gu, 717 in Namdong-gu, 641 in Bupyeong-gu, 551 in Michuhol-gu, 517 in Yeonsu-gu, 456 in Gyeyang-gu, 180 in Jung-gu, and 83 in Dong-gu.

An official from Incheon City stated, "Sales have expanded their increase for two consecutive months due to expectations of transportation improvements and increased demand for newly built complexes," adding, "Although the rise in jeonse prices narrowed due to seasonal factors, the upward trend continues centered on large-scale newly built complexes near station areas."

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