According to the Real Estate Economic Institute, 2,342 brand new apartments were released for sale across greater Tokyo in April, down 35.3% from March and down 14.6% from last year. The reason for the drop in supply is due to a smaller number of large-scale projects on the market compared to this time last year. More of these major projects are expected in the near future, and supply may soon return to normal levels.

The average sale price was 55,480,000 Yen, down 6.3% from last year, while the average price per square meter was 800,000 Yen, down 6.5% from last year.

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