Seoul Apartment Prices Have Turned Down Quickly.
An independent exercise, not a statement by the video creator or verification of every claim in the video.
Compare an asking price reduction with completed sales
Suppose a listing in the same complex falls from 12 to 10, while the previous sale for a similar area and floor was 9.8. The asking price has fallen about 16.7%, yet the current ask of 10 remains about 2.0% above that completed sale. Check whether a new contract has been signed for the same period and account for the gap between contract and reporting dates.
Check for yourself
- Are both asking price observations for the same listing on the same terms?
- Could the comparable transaction have been canceled, or could a recent contract still be awaiting a report?
Limits of application
Prices use hypothetical units. Sales must be reported within 30 days of contract signing, so recent counts can increase. One listing’s price change cannot establish the change for all of Seoul.
- What to look for
- Ask how lower asking prices on individual listings relate to completed sales and area price indices.
- Why it matters
- Compare sales by complex, area, floor and contract date while accounting for reporting delays to assess the scope of a market change.
Timeline
4 segmentsThe video uses lending constraints and listings at Raemian One Bailey to discuss the gap between homes offered and buyers’ purchasing power. The transcript’s listing count and share are unclear, limiting calculation. Check listings for duplication, withdrawal and relisting, and compare sales for the same complex, area, floor and contract period.