REAL ESTATE & TOURISM
Used Condos in Greater Tokyo Rise for a 72nd Straight Month, Topping Bubble-Era Prices
# used condo Tokyo# REINS market watch# resale prices# Tokyo housing
Key Points
- April 2026 average contracted price: ¥859,300/m², up 5.9% — a 72nd consecutive monthly rise, above the Sept 1990 bubble peak
- Average contract price ¥53.21M, +5.4%, an 18-month streak
- Tokyo 23-ward transactions fell 9.0% (4th straight decline) while Yokohama/Kawasaki rose 5.7%; inventory up 2.7%
Analysis
The 72-month streak past bubble-era pricing is the headline; the cracks beneath matter more: 23-ward transactions down 9% for a fourth month, inventory rising, and demand spilling along the Tokaido line into Kanagawa. Volume leads price — if the divergence persists another quarter, central Tokyo's used-condo curve faces its first real stress test in six years.
