According to the Ministry of Land, Infrastructure and Transport, the volume of home sales transactions in January 2020 (101,334 cases) fell 14.4% from the previous month (118,415 cases) but rose 101.5% from the same month a year earlier (50,286 cases) and was up 57.9% from the five-year average (64,173 cases).
By region, the January transaction volume in the Seoul metropolitan area (55,382 cases) decreased 11.2% from the previous month but increased 146.3% year on year, while transactions in the provinces (45,952 cases) fell 18.0% from the previous month but rose 65.3% year on year. Compared with the five-year average for January, the Seoul metropolitan area was up 84.8% and the provinces up 34.4%.
By type, the January transaction volume for apartments (75,986 cases) declined 13.6% from the previous month but increased 142.7% year on year, while non-apartment transactions (25,348 cases) fell 16.8% from the previous month but rose 33.5% year on year. Compared with the five-year average for January, apartments were up 77.5% and non-apartments up 18.6%.
The volume of jeonse and monthly-rent transactions, compiled based on fixed-date registration data for January 2020, totaled 173,579 cases, up 4.2% from the previous month (166,585 cases), up 2.8% year on year (168,781 cases), and up 26.9% from the five-year average (136,805 cases). The share of monthly-rent transactions among January 2020 jeonse/monthly-rent transactions was 38.3%, down 1.0 percentage point from the previous month (39.3%) and down 1.0 percentage point year on year (39.3%).
By region, the January transaction volume in the Seoul metropolitan area (113,942 cases) rose 5.6% from the previous month and 4.6% year on year, while the provinces (59,637 cases) increased 1.7% from the previous month but fell 0.4% year on year. By type, the January transaction volume for apartments (85,644 cases) rose 0.2% from the previous month and 6.2% year on year, while non-apartments (87,935 cases) increased 8.4% from the previous month but declined 0.3% year on year.
By lease type, the January jeonse transaction volume (107,089 cases) rose 5.9% from the previous month and 4.5% year on year, while monthly-rent transactions (66,490 cases) increased 1.6% from the previous month and 0.3% year on year. The monthly-rent share for apartments in January (32.4%) fell 1.0 percentage point year on year, while that for non-apartments (44.1%) declined 0.5 percentage point.
Detailed data on home sales transaction volumes and actual transaction prices for jeonse and monthly rent can be found through the Korea Appraisal Board's real estate statistics system (www.r-one.co.kr, real estate information app) or the Ministry of Land, Infrastructure and Transport's actual transaction price disclosure website (rt.molit.go.kr).