Seoul Apartment Prices Log 84th Straight Weekly Gain
Seoul housing prices rose 0.16% last week, extending a streak to 84 weeks. Northern districts outpaced the slowing southern market.
Key points
- Seoul apartment prices rose 0.16% last week, marking the 84th consecutive weekly gain.
- The current 84-week cumulative increase of 17.34% is more than double the prior record of 7.71%.
- Northern districts like Jungnang rose 0.51% while Gangnam and Seocho fell for six straight weeks.
Seoul apartment sale prices climbed 0.16% in the second week of September. This marks the 84th consecutive week of gains, approaching a historic record.
The weekly growth rate slowed to 0.16% from 0.20% the prior week. This is the first sub-0.2% increase since May 2025. Only two more weekly gains are needed to break the 85-week record.
Cumulative Gains Far Exceed Prior Records
Current price increases are more than double the pace of the previous record. The 84-week rise totals 17.34%, compared to 7.71% during the prior record period.
Prices rose 15.02% since the Lee Jae Myung administration began in June. The Korea Real Estate Board confirms this sustained upward trend. This data appears in reports cited by chosun.com.
Tax Reform Shifts Demand Northward
Gangnam, Seocho, and Songpa districts have fallen for six straight weeks. Higher property tax burdens on luxury homes triggered these declines. Buyers in these areas are now waiting for prices to stabilize.
Affordable northern districts like Jungnang and Dobong continue to rise sharply. Weekly gains in these areas reach 0.51%. Loan regulations have pushed actual demand toward lower-priced complexes.
Average Unit Price Hits New High
The average Seoul apartment price reached 1.6074 billion won last month. This represents a 25.67% increase from February 2025. The average unit price has risen by 328.3 million won in 18 months.
