According to REINS, 3,719 second-hand apartments were sold across greater Tokyo in March, up 7.5% from the previous month and up 3.6% from last year. The average sale price was 31,450,000 Yen, down 0.2% from the previous month but up 2.9% from last year. The average price per square meter was 492,800 Yen, down 100 Yen from the previous month but up 3.2% from last year. This is the 54th month in a row to see a year-on-year increase. The average building age was 20.55 years.

In the Tokyo metropolitan area, 1,948 second-hand apartments were sold, up 9.2% from the previous month and up 7.9% from last year. This is the 12th month in a row to see a year-on-year increase in transactions. The average sale price was 38,560,000 Yen, down 0.3% from the previous month but up 2.3% from last year. The average price per square meter was 649,500 Yen, down 0.3% from the previous month but up 0.9% from last year.

In the first quarter of 2017, sales of apartments priced over 100 million Yen in the Tokyo metropolitan area were up 16.1% from the first quarter of 2016. Meanwhile, the number of new listings over 100 million Yen was down 3.7%. Transactions across all prices were up 7.6% from 2016.

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