Detached Homes Continue to Rise; “Discrepancy” Spreads Across the Pre-Owned Market
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Prices and inventory—the two markets are beginning to show different trends.
“I thought it was about time to start thinking about buying a house,” someone said, only to be surprised upon gathering information that prices had risen more than expected—we hear comments like this almost every month at consultation desks for finding land or moving homes.While headlines about “rising real estate prices” appear repeatedly on TV and in newspapers, it’s difficult to know what’s actually happening in one’s own neighborhood. As a result, many people find themselves simply letting time pass without the information they need to decide whether “now is the right time to act, or if they should wait a little longer.”In this article, we’ll analyze the real estate market as of June 2026—with a focus on the Greater Tokyo Area—based on the latest statistics released by Tokyo Kantei and East Japan REINS in July 2026.From price trends for new and pre-owned single-family homes to comparisons with pre-owned condominiums and trends by area, we’ll provide an easy-to-understand explanation of “what’s happening right now” based on the data.
- The average price of new single-family homes in the Greater Tokyo Area was 50.17 million yen (according to Tokyo Kantei, June 2026).Although prices fell slightly month-over-month, they remained at a high level, up 6.4% year-over-year. In Tokyo, the price stood at 63.94 million yen, up 0.6% from the previous month and 11.5% from the same month last year, continuing its upward trend.
- Prices for pre-owned single-family homes are also trending upward. The Tokyo Metropolitan Area average is 42.41 million yen (up 5.0% year-over-year), while Tokyo stands at 71.35 million yen, remaining in the 70-million-yen range.
- According to transaction statistics from East Japan REINS, while the number of transactions for pre-owned condominiums has declined for three consecutive months and inventory has increased for four consecutive months, pre-owned single-family homes have seen an increase in transactions for three consecutive months and a decrease in inventory for five consecutive months, showing contrasting trends.
- By region, while new single-family homes and small-scale residences in Saitama and Chiba Prefectures are repeatedly hitting record highs, price declines have been observed in some areas of the Kansai region, indicating widening regional disparities.
Table of Contents
- I.Key Figures on the Real Estate Market in June 2026
- II.New Single-Family Homes: Tokyo Continues to Rise, Saitama Sets New Record
- III.Pre-owned Single-Family Homes: Tokyo Maintains Prices in the 70 Million Yen Range, with Gradual Uptrend Continuing
- IV.The “Divergence Between Condos and Single-Family Homes” Revealed by the Latest REINS Data
- V.Trends by Area and 3 Things Prospective Buyers Should Keep in Mind
- VI.Summary
- VII.Frequently Asked Questions
CHAPTER I
Understanding the June 2026 Real Estate Market Through the Numbers
The data covered in this article includes two types of statistics with different characteristics. One is the “asking price” compiled by Tokyo Kantei, which is a monthly average of property prices listed on real estate information sites and other platforms.The other is the “Sale Price” compiled by East Japan REINS, which covers only those properties registered with REINS for which a sales contract was actually concluded. Since the asking price represents the seller’s desired price before negotiations, while the sale price reflects the actual market value after negotiations, examining both together provides a more accurate picture of market conditions.
To start with the conclusion, June 2026 was a month in which two trends progressed simultaneously: “rising prices for single-family homes” and “contrasting fortunes for pre-owned condos and pre-owned single-family homes.” Starting in the next chapter, we’ll examine the specific figures in the following order: new single-family homes, pre-owned single-family homes, and REINS transaction statistics.
the real estate market, much like a weather forecast, cannot be fully understood with just a “quick update” for the day. Only by looking at both the “feels-like temperature” (asking prices) and the “actual temperature” (sale prices) can we truly understand “what the climate is like right now.” In this article, we’ll use both of these “thermometers” to analyze the market conditions for June 2026.
CHAPTER II
New Single-Family Homes: Tokyo Continues to Rise, Saitama Sets a New Record High
According to a survey by Tokyo Kantei, the average price of new single-family homes in the Greater Tokyo Area in June 2026 was 50.17 million yen. Although this represents a slight decrease of 0.5% from the previous month, it is still 6.4% higher than the same month last year, maintaining a high price level.
Average Prices of New Single-Family Homes by Prefecture (10,000 yen) June 2026
Source: Compiled independently based on Tokyo Kantei’s “Average Prices of Newly Built Single-Family Homes” (published July 9, 2026).
Looking at the figures by prefecture, Tokyo continued its upward trend at 63.94 million yen (up 0.6% month-over-month, up 11.5% year-over-year), and in the 23 wards of Tokyo alone, the price reached 118.85 million yen (up 3.5% month-over-month).Kanagawa Prefecture saw a slight correction to 53.1 million yen (down 3.7% from the previous month), while Chiba Prefecture rose to 41.94 million yen (up 2.0% from the previous month),Saitama Prefecture at 42.35 million yen (up 4.4% from the previous month), each showing an increase; Saitama Prefecture, in particular, set a new record high since statistics began in April 2014.
Furthermore, when limited to newly built small single-family homes with a total floor area of 50 to 100 square meters, the Tokyo Metropolitan Area average was 62.03 million yen (up 11.7% year-on-year), showing even stronger growth.Tokyo remained in the 80.67 million yen range, while Chiba Prefecture recorded 49.05 million yen, also marking its highest level since records began in April 2014.
this price movement resembles the way traffic congestion spreads along a crowded mountain road. As prices in central Tokyo—at the front of the line—continue to rise, that momentum spreads, with a slight delay, to Kanagawa, Chiba, and Saitama. Saitama Prefecture’s record-high price is a clear indication that upward pressure has begun to reach even the “rear of the traffic jam.”
CHAPTER III
Used Single-Family Homes: Tokyo Remains in the 70 million yen range, with prices continuing to rise gradually
According to a survey by Tokyo Kantei, the upward trend in prices for pre-owned single-family homes also continues. The average price in the Tokyo metropolitan area in June 2026 was 42.41 million yen, remaining virtually flat at -0.3% month-over-month, but showing a +5.0% increase year-over-year.
Average Prices for Pre-Owned Single-Family Homes by Prefecture (10,000 yen) June 2026
Source: Compiled independently based on Tokyo Kantei’s “Average Prices of Pre-owned Single-Family Homes” (published July 9, 2026).
By prefecture, Tokyo recorded 71.35 million yen (down 5.9% from the previous month, up 10.5% year-on-year); although it saw a slight correction from the previous month, it remained in the 70 million yen range. In the 23 wards of Tokyo, the price was 135.54 million yen (down 1.4% from the previous month).Kanagawa Prefecture recorded 43.4 million yen (up 2.3% from the previous month), Chiba Prefecture 31.07 million yen (up 3.0% from the previous month, marking the third consecutive month of increases), and Saitama Prefecture 29.02 million yen (up 4.9% from the previous month)—all showing increases.
While prices for pre-owned homes tend to be less volatile than those for new construction, year-over-year prices across the Greater Tokyo Area as a whole continue to rise at a rate of +5.0%. Although pre-owned single-family homes are often perceived as a “stable pricing option,” it is important to note that, in reality, their prices are rising in virtually the same direction and at the same pace as new construction.
CHAPTER IV
The “Divergence Between Condos and Single-Family Homes” Revealed by the Latest REINS Data
The “Monthly Flash Report: Market Watch for June 2026,” released by East Japan REINS on July 10, 2026, reveals contrasting trends between pre-owned condominiums and pre-owned single-family homes in the Greater Tokyo Area.
To summarize, while inventory of pre-owned condominiums continues to build up, the pace of sales is slowing, and price growth has stalled. In contrast, for pre-owned single-family homes, the number of sales is increasing despite a continuing decline in inventory, and prices have been rising for six consecutive months. Even though they fall under the same category of “pre-owned housing,” the trends currently unfolding are moving in completely opposite directions.
this phenomenon is easier to understand if you imagine two water tanks. The tank representing pre-owned condos has its faucet (new listings) left wide open, causing the water level (inventory) to keep rising, while price momentum has slowed slightly.On the other hand, the “used single-family homes” tank has a drain (sales) that keeps water flowing out, causing the water level to drop continuously, while a sense of scarcity is driving prices up. The action you should take right now depends on which tank you’re interested in.
CHAPTER V
Trends by Area and Three Things to Keep in Mind for Those Planning to Move
Looking at REINS’ regional data, Chiba Prefecture’s growth stands out. In June 2026, the number of closed deals for pre-owned condominiums in Chiba Prefecture rose by 19.0% year-over-year, with the unit price per square meter up 20.5% and the total transaction price up 20.8%—showing a particularly sharp increase even within the Greater Tokyo Area.Saitama Prefecture also showed solid performance, with the number of transactions up 2.9%, the unit price per square meter up 6.1%, and the transaction price up 7.0%. Kanagawa Prefecture continues to see increases as well, with the number of transactions up 7.0%, the unit price per square meter up 7.2%, and the transaction price up 5.5%.
Average Transaction Price per Square Meter for Pre-Owned Condominiums by Area (10,000 yen/㎡) June 2026
Source: Compiled independently based on East Japan REINS’ “Monthly Flash Report: Market Watch, June 2026” (published July 10, 2026).
Meanwhile, according to data from Tokyo Kantei, price declines were also observed in some parts of the Kansai region.New single-family homes in Hyogo Prefecture fell 3.5% month-over-month, used single-family homes in Sakai City fell 4.9% month-over-month, and used single-family homes in Osaka City saw a significant correction, falling 18.2% month-over-month.In contrast to the upward trend in the Greater Tokyo Area, a key characteristic of June 2026 is that price movements clearly diverged depending on the region.
In this mixed landscape of “rising areas” and “correcting areas,” here are three things prospective homebuyers should keep in mind.
Get into the habit of checking both the “listing price” and the “sale price”
The prices listed on real estate portals are, after all, merely the sellers’ asking prices. If you get into the habit of comparing Tokyo Kantei’s listing prices with East Japan REINS’ closing prices, you’ll more easily develop a sense of which price ranges are realistic for successful negotiations.
Don’t limit yourself to a single candidate area; keep an eye on trends in neighboring areas as well
Don’t limit yourself to central Tokyo; by broadening your search to include areas with high price growth—such as Saitama and Chiba Prefectures—as well as areas where prices are more stable, your options will expand significantly even within the same budget. Comparing properties across different areas also provides valuable information when consulting with your real estate agent.
For property types with dwindling inventory, act quickly if you’re serious about buying
In categories where inventory has been declining for five consecutive months—such as pre-owned single-family homes—the speed at which you make a decision when you find a property that meets your criteria can greatly influence the outcome. Conversely, in categories where inventory is increasing—such as pre-owned condos—you have more leeway to take your time comparing and evaluating options.
For specific steps on how to search for land, see “ Methods, Precautions, and Tips for Finding Land for Custom-Built Homes.”
CHAPTER VI
Summary
The real estate market in June 2026 showed a dual “discrepancy”: while prices for new and pre-owned single-family homes continued to rise year-over-year, REINS transaction statistics revealed that inventory levels and the number of closed deals for pre-owned condominiums and pre-owned single-family homes moved in exactly opposite directions.Record-high prices in Saitama and Chiba Prefectures indicate that the wave of price increases is spreading to the suburbs, while price declines in some areas of the Kansai region demonstrate that market conditions vary by region rather than being uniform nationwide.Numbers fluctuate every month. That is precisely why you should not make a decision based on a single round of information gathering. Instead, continue to monitor both asking prices and closing prices to determine the timing that best aligns with your financial plan and life events. In a constantly shifting market, even the time you spend hesitating represents a significant cost. Start by assessing the current market conditions together with a professional.
CHAPTER VII
Frequently Asked Questions
Q. What is the difference between Tokyo Kantei’s data and East Japan REINS’ data?
Tokyo Kantei’s prices are calculated as the average of “asking prices” (listing prices) published on real estate information sites and other sources.On the other hand, East Japan REINS’ “sale prices” are the average of the actual sale prices for properties registered with REINS where a sales contract was successfully concluded. Since asking prices represent the seller’s desired price before negotiations, while sale prices reflect the actual market value after negotiations, looking at both together provides a more accurate picture of the market.
Q. Is June 2026 a good time to buy a home?
It’s hard to say definitively.Prices for both new and pre-owned single-family homes have continued to rise year-over-year, with Saitama and Chiba Prefectures even reaching record highs. On the other hand, the inventory of pre-owned single-family homes has been declining for five consecutive months, so if you find a property that meets your criteria, making a decision early may be to your advantage. We recommend considering your options individually based on your personal financial plan and life circumstances.
Q. Why is the inventory of pre-owned condos increasing?
According to statistics from East Japan REINS, the inventory of pre-owned condominiums in the Greater Tokyo Area had increased for four consecutive months as of June 2026, while the number of closed deals had decreased for three consecutive months.While the data in this article does not allow us to pinpoint the specific factors behind the increase in inventory, the slowing pace of price increases suggests that the rate of sales is not keeping up with the rise in the number of properties listed.
Q. Which area is seeing larger price increases: Tokyo, Saitama Prefecture, or Chiba Prefecture?
In terms of growth rates, the increases in Saitama and Chiba Prefectures stand out. In June 2026, the average price of new single-family homes in Saitama Prefecture rose 4.4% month-over-month, setting a new record high since data collection began in April 2014.In Tokyo, where price levels are already high (63.94 million yen), prices maintained strong growth at +11.5% year-over-year, and this upward momentum is now spreading to suburban areas as well.
Q. Where can I find the data for this report?
This report is based on Tokyo Kantei’s price reports on new and used single-family homes, as well as new small-scale single-family homes, and the East Japan REINS Monthly Flash Report “Market Watch” (June 2026). For details, please refer to the sources and references listed at the end of this article.
- Real Estate Market Conditions in March 2026 | Prices for Spec Homes Continue to Rise in Tokyo and the Three Neighboring Prefectures—Which Areas Are Worth Targeting?
- Check out methods and precautions for finding land for custom-built homes, and how to choose the right lot
- An Explanation of How to Buy a Pre-Owned Home, Procedures Before and After Signing the Contract, and Why It Offers Advantages Over New Construction
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Tokyo Kantei “Average Prices of Pre-owned Single-Family Homes” (Published July 9, 2026) https://www.kantei.ne.jp/report/
Tokyo Kantei, “Average Price of New Small-Scale Single-Family Homes” (Published July 9, 2026) https://www.kantei.ne.jp/report/
East Japan REINS “Monthly Flash Report: Market Watch for June 2026—Summary Report” (Published July 10, 2026) https://www.reins.or.jp/library/#
East Japan REINS “Monthly Flash Report: Market Watch for June 2026 (Reiwa 8)” (Detailed Data, Published July 10, 2026) https://www.reins.or.jp/library/#
The statistical figures in this article are based on data for June 2026 published by Tokyo Kantei and East Japan REINS (both published in July 2026; these are the latest figures available at the time of writing).
Since the official URLs for individual press releases may vary depending on the structure of each company’s website at the time of publication, the links above lead to the respective companies’ pages listing their statistics and reports.
(Published: July 13, 2026)