Nearly half of June apartment sales nationwide were at higher prices

In June, a significant portion of apartment sales across South Korea saw prices rise, indicating a seller's market for nearly half of all transactions. A "rising transaction" is specifically defined as a sale that exceeds the price of the immediately preceding sale or the average transaction price over the past year for an identical apartment unit and size.

Analysis of real estate transaction data from the Ministry of Land, Infrastructure and Transport, conducted by the real estate platform Zigbang, revealed that approximately half of all apartment sales nationwide in June were classified as rising transactions. This suggests a robust demand and upward price pressure in the housing market during that period.

The data highlights a trend where sellers were able to secure higher prices for their properties, reflecting a market dynamic that favored them in nearly 50% of the recorded apartment sales in June.