Existing Condominium Transactions Continue to Rise in the Greater Tokyo Area

The East Japan Real Estate Information Network (REINS) released its January 2026 report on real estate market trends in the Greater Tokyo Area.

In the existing condominium market, the number of transactions reached 3,343 units, marking a 3.1% year-on-year increase and extending the growth streak to 15 consecutive months. While Tokyo recorded a slight decline, strong growth was seen in Saitama and especially Kanagawa, where both the Yokohama–Kawasaki area and other regions posted significant increases.

Average transaction prices continued to rise. The average price per square meter increased by 6.3% year-on-year to ¥869,900, maintaining an upward trend that has lasted since May 2020. The average price per unit climbed to ¥54.93 million, up 6.7% from the previous year. At the same time, inventory levels declined for the sixth consecutive month, indicating tight supply conditions.

In the existing single-family home market, transactions totaled 1,496 units, a sharp 17.0% increase year-on-year and the fifteenth consecutive monthly rise. All prefectures recorded double-digit growth. The average transaction price rose to ¥40.56 million, exceeding ¥40 million for the third straight month. Inventory levels increased slightly, continuing a long-term upward trend.

Overall, the data indicate sustained demand and rising prices in the Greater Tokyo resale housing market, with particularly strong momentum in suburban areas.

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