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South Korean regional real estate market trends

Updated 2 times since CLSTR started tracking revisions of this situation.

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2026-10-08 04:17 UTC → 2026-10-09 01:44 UTC · added removed

Real estate trends in South Korea continue to show significant regional disparities regarding housing supply, demand, and pricing. While In Seoul, apartment sales prices have risen for 87 consecutive weeks, driven by demand in mid-to-low price ranges. Despite this, the Daegu and Gyeongsangbuk-do regions previously saw market shows a decline cooling trend in unsold high-end districts like Gangnam and Yongsan. The average sales price for a standard 84㎡ apartment inventories in Seoul has surpassed 2 billion won, representing a 23% increase from the previous year due to supply shortages, new data indicates rising construction costs. Regional markets exhibit growing instability in specific areas. instability. Gyeongsan has been re-designated as an unsold housing management area by the Korea Housing & Urban Guarantee Corporation (HUG) for the first time in nearly seven years, as its unsold units represent nearly 30% due to a buildup of the total unsold housing in Gyeongbuk province. new apartments. In Seoul, the market has seen substantial price growth, with the average sales price for Gyeonggi Province, a standard 84㎡ structural imbalance persists; while existing apartment surpassing 2 billion won, a 22.85% increase from the previous year driven by prices are rising construction costs. However, auction in southern hubs like Suwon and Yongin, the new sales market faces challenges including high unsold inventory and low subscription rates. Auction trends show a divergence: while winning reflect this divergence, with high success rates in preferred Gyeonggi areas like Anyang, Suwon, Anyang and Gwangmyeong remain above 110% of appraised values, Gwangmyeong, while Seoul’s auction winning success rate has reached hit a 19-month low, attributed low due to weakness in the ultra-luxury luxury segment. Gyeonggi Province maintains a structural imbalance. Despite rising existing apartment prices in southern hubs, the new apartment subscription market continues to struggle due to high prices, loan regulations, Furthermore, public housing stability is under scrutiny, as data reveals over 46,000 Korea Land and a mismatch between developer focus on large Housing Corporation (LH) rental units and consumer preference have remained vacant for mid-to-small units. more than six months, with particularly high vacancy rates in Happy Housing and Deundeun Jeonse housing within the Gyeonggi region.

Versions

  1. 2026-10-09 01:44 UTC South Korean regional real estate market trends
  2. 2026-10-08 04:17 UTC South Korean regional real estate market trends
  3. 2026-10-07 07:51 UTC South Korean regional real estate market trends

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