✉news BusinessReal Estate first seen 5 h ago, last 5 h ago, peak #34
Seoul apartment listings jump 20% as Gangnam prices fall sharply
Original: Seoul Apartment Listings Surge 20% in 7 Weeks; Gangnam Home Prices Post Steepest Drop in 193 Weeks
Seoul apartment listings have surged 20% in just seven weeks, while Gangnam home prices have posted their steepest drop in 193 weeks. The simultaneous rise in supply and fall in prices points to weakening demand in South Korea's most expensive housing market. Analysts and residents are watching closely to see whether the trend spreads to other districts or marks a broader market correction.
Why now: A rapid rise in listings and record price declines in Gangnam signal a possible turning point in Seoul's housing market.
Evidence
- Seoul Apartment Listings Surge 20% in 7 Weeks; Gangnam Home Prices Post Steepest Drop in 193 Weeks · finance.biggo.com
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