KB "Seoul Housing Sales Increase Rate 0.23%...Rise Margin Shrinks"

[Asia Economy Reporter Kim Hyemin] The rate of increase in Seoul housing sale prices has somewhat slowed, showing signs of stabilization. The jeonse market is also maintaining a stable trend with an increase rate in the 0.1% range since March.

According to the housing market trends announced by KB Kookmin Bank Liv Real Estate on the 6th, the weekly sales price increase rate in Seoul for the first week of May was 0.23%, down from 0.28% the previous week. By region, Jung-gu recorded the highest at 0.47%, followed by Gangbuk-gu (0.4%), Geumcheon-gu (0.39%), and Guro-gu (0.3%).

Gyeonggi-do increased by 0.36% compared to the previous week, but the rate of increase decreased by 0.07 percentage points, indicating a continuously moderate upward trend. By region, Dongducheon recorded a 1.09% increase, Siheung 1%, both in the 1% range, with Ansan Sangnok-gu (0.86%), Ansan Danwon-gu (0.67%), and Uiwang (0.6%) also showing high increases.

Incheon, which showed a high increase rate of 0.67% until mid-last month, has since decreased to 0.53%, and this week recorded 0.5%, gradually easing the rate of increase. Additionally, all five metropolitan cities?Daegu (0.27%), Daejeon (0.26%), Busan (0.25%), Gwangju (0.18%), and Ulsan (0.15%)?showed increases. No regions experienced a decline.

The nationwide apartment jeonse prices rose by 0.15% compared to the previous week, a decrease from last week's 0.17% increase.

Seoul's jeonse prices increased by 0.17% compared to the previous week, with the increase rate narrowing by 0.01 percentage points, maintaining the 0.1% range since March. Gangbuk-gu had the highest increase at 0.55%, followed by Dobong-gu (0.43%), Guro-gu (0.42%), Jung-gu (0.4%), and Gangseo-gu (0.33%). No regions showed a decline.

Gyeonggi-do apartment jeonse prices rose by 0.18% compared to the previous week, and Incheon increased by 0.28%.

The buyer dominance index in Seoul rose slightly to 87.1 from 84.9 last week, indicating a gradual increase in buyer sentiment. However, it remains below the baseline of 100, maintaining a 'seller-heavy market.' Among metropolitan cities, Daejeon was the highest at 100.7, while Gwangju (82.1), Daegu (61.6), Busan (54.2), and Ulsan (49.5) showed seller-heavy markets.