The number of unsold homes in Daegu, known as the 'graveyard of unsold homes' and considered a representative area of severe unsold inventory, has decreased by more than 1,600 units this year. Gyeongbuk and Chungnam also saw a decrease in unsold homes this year.
According to the real estate information firm The PR and the National Statistical Office on Dec. 12, the nationwide number of unsold homes was recorded at 65,836 as of October. This reflects an increase of 2,081 units from January, when there were 63,755 unsold homes. Gyeonggi Province showed the largest increase with 3,702 units, followed by Busan (1,666 units), Gyeongnam (1,586 units), Daejeon (542 units), and Gwangju (410 units), with unsold inventory rising in 10 autonomous regions.
On the other hand, some areas saw a decrease in unsold homes. Gyeongbuk recorded the largest decrease, with unsold homes dropping by 2,036 units. Chungnam followed with a decrease of 1,720 units, and Daegu saw a decline of 1,618 units. Other regions that experienced a reduction in unsold homes included Chungbuk (696 units), Jeonbuk (639 units), and Seoul (80 units).
An industry official noted, 'The regions with a decrease in unsold homes exhibited a noticeable preference for newly built properties, which heightened buyer interest.'