Last month, the national average sale price of apartments exceeded 30 million won per 3.3㎡ for the first time in history.
On the 12th, according to Real Estate R114, the national average sale price of apartments in February was 31.2 million won per 3.3㎡. This is the first time the average monthly sale price has surpassed 30 million won. Compared to January (16.28 million won), it represents an increase of nearly double in just one month and is more than 6 million won higher than the previous highest sale price of 24.74 million won in August 2024.
The significant increase in the average sale price in February is attributed to fewer apartments being offered nationwide, along with new sales occurring in the high-priced Gangnam area. Last month, only 1,631 households were up for sale, including 'Raemian Wonfaira' in Bangbae-dong, Seocho-gu. The sale price for Raemian Wonfaira with an exclusive area of 84㎡ is in the range of 2.2 billion to 2.4 billion won.
In January, the number of units available for sale was also relatively low at 3,751, but there were no sales in Seoul at that time, resulting in a national average sale price of 16.28 million won, which was more than a 4 million won drop from the previous month.
Looking at the sale prices by region in February, Seoul recorded an average of 69.41 million won per 3.3㎡, the highest price in 13 months since January 2024 (96.08 million won). Busan (24.09 million won) followed, with an increase of approximately 4.88 million won compared to the previous month (19.21 million won).
Daegu (23.99 million won), which rose by approximately 1.27 million won compared to January, recorded the third-highest sale price. Daejeon (16.64 million won) and Ulsan (15.51 million won) each offered new apartments after a 3-month break, making it into the top five.
Gyeonggi Province, which offered one complex each in Bucheon and Yangju, saw a drop to 15.11 million won, nearly a 10 million won decrease from the previous month (24.96 million won). Gwangju's average sale price was the lowest recorded among areas where sales occurred, at 14.73 million won, after having not offered sales for 5 months. In ten regions including Gangwon, Gyeongnam, Gyeongbuk, Sejong, Incheon, Jeonnam, Jeonbuk, Jeju, Chungnam, and Chungbuk, no apartments were available for sale.
A real estate industry official noted, 'The New Year sale market is fluctuating due to holidays and political issues, and the national average sale price is also fluctuating depending on whether sales occur in Seoul. However, in the long run, apartment sale prices are expected to rise this year as well.' They added, 'In fact, the Ministry of Land, Infrastructure and Transport has recently announced an increase in the general construction costs for the sale price cap system, indicating that the rise in sale prices due to increased indirect construction costs and labor costs is unavoidable.'