Daegu and Gyeongsangbuk-do unsold apartment stocks decline

Unsold apartment inventories in the Daegu and Gyeongsangbuk-do regions of South Korea have seen a significant decline over the past 18 months, driven largely by a shortage of new housing supply.

According to data from Real Estate R114, Daegu's unsold housing stock dropped from 8,807 units in December 2024 to 4,383 units by June 2025, marking the largest decrease in the country. In Gyeongsangbuk-do, unsold units fell from 6,987 to 5,284 during the same period. Within Gyeongsangbuk-do, Gumi saw the most substantial reduction, with units dropping from 2,076 to 745. Other cities experiencing notable decreases include Gyeongju and Pohang.

Despite this downward trend in inventory, market pressures remain. As of late July, Daegu still held 4,278 unsold units, with the highest concentrations in Dalseo-gu, Buk-gu, and Jung-gu. While the reduction in unsold stock is attributed to limited new supply, recent market trends show Daegu's apartment sales prices recently shifted back to a slight decline, even as rental prices showed a minor upward trend. Industry experts suggest that the future direction of the market will depend on the speed of unsold inventory depletion and the recovery of actual demand.