The number of condominiums listed for sale in the greater Tokyo region plunged almost 40 percent in April from a year earlier, falling for the third straight month, a research institute said Monday.
A total of 2,473 new condominiums were listed in the reporting month, down from 4,093 units a year before, the Real Estate Economic Institute said. Of the new condos listed in Tokyo, Chiba, Kanagawa and Saitama, almost 75 percent found buyers, down 3.5 percent from a year earlier, it said.
The average unit price rose 2.5 percent to ¥48.46 million.
In Osaka and five nearby prefectures in western Japan, new condo supply fell almost 10 percent to 1,222 units, with more than 74 percent finding buyers.
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