The number of new condominiums that went on sale in the Tokyo area in November rose 10.8 percent from a year earlier to 3,648 units, the first upturn in two months, a research agency said Monday.
Of all the condos that were put on the market in Tokyo and Kanagawa, Saitama and Chiba prefectures, 68.8 percent found buyers, up 5.6 percentage points from a year before, rising for the third straight month, according to the Real Estate Economic Institute.
Condo prices averaged ¥46.47 million, down 7.4 percent from a year earlier.
In Osaka and five surrounding prefectures, the new condo supply totaled 2,088 units, up 21.7 percent, the first rise in seven months.
Of those condos, 60.9 percent were sold, staying above 60 percent for the seventh consecutive month.
The average price was ¥33.30 million, down 4.5 percent.