Nationwide Apartment Sale Prices Decline... 수도권 Maintains Upward Trend

Average Sale Price Nationwide Drops 0.74% to 5.72 Million KRW per Square Meter
Seoul Maintains High Sale Prices with 16.5% Year-on-Year Increase
Sharp Decline in Sale Prices in Major Provincial Cities like Daegu and Gwangju, Market Slump Continues
March Sees 6,590 New Apartment Units Supplied, Up 121% from Previous Month

The nationwide average sale price of private apartments decreased compared to the previous month. However, some parts of Seoul and the metropolitan area maintained stable or rising trends, indicating a deepening polarization in the sales market between regions.

Yonhap News

According to the "March 2025 Private Apartment Sale Price Trends" released by the Housing and Urban Guarantee Corporation (HUG) on the 15th, the average sale price per square meter of private apartments nationwide was 5.72 million KRW, down 0.74% from the previous month. In Seoul, the price remained steady at 13.396 million KRW per square meter, the same as in February. Compared to the same month last year, it rose by 16.5%, continuing its high upward trend. Looking at the entire metropolitan area, sale prices increased by 0.6% from the previous month and 10.41% year-on-year, showing a trend exceeding the national average.

On the other hand, the provincial sales market has not escaped a sluggish phase. In particular, some metropolitan cities such as Daegu (-36.8%) and Gwangju (-9.3%) showed a sharp decline compared to the previous year. The five major metropolitan cities and Sejong City fell by 4.68% month-on-month and 10.55% year-on-year. Other provinces (Gangwon, Chungcheong, Jeolla, Gyeongsang, Jeju) saw a 2.13% increase from the previous month, but there were significant differences by region.

A total of 6,590 private apartment units were newly supplied in March. This is an increase of 3,604 units (121%) compared to the previous month. In particular, the metropolitan area surged from 29 units in the previous month to 2,346 units, with Gyeonggi Province accounting for most of them at 2,150 units. Seoul recorded '0' units for the second consecutive month in February. Other provinces also surged from '0 to 3,844 units' year-on-year, while the five major metropolitan cities and Sejong City significantly decreased to 400 units compared to 801 units the previous month and 4,194 units the previous year.

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