Seoul apartment sales prices based on actual transactions rose 2.50% month over month in June, exceeding the 2.44% increase recorded during the housing boom in June 2021 and marking the sharpest monthly gain in five years. Prices were up 13.79% from a year earlier. The Seoul Metropolitan Government, using Korea Real Estate Board data released on the 21st, said gains were broad-based across districts and unit sizes, led by 85-to-135-square-meter homes, which rose 3.05%. In July, homes priced at 1.5 billion won or less accounted for 81.2% of transactions as lending limits curbed high-priced purchases and supported end-user demand. Separately, Realhouse analysis of 37,246 Seoul apartment sales from February through early August found that 20,676 deals, or 55.5%, were below 1 billion won, while 77.2% were below 1.5 billion won. The transaction median was 916 million won, below the 1.17 billion won average because 1,717 sales worth at least 3 billion won lifted the citywide figure. Sales volumes were concentrated in outer districts, while ultra-high-priced transactions clustered in Gangnam, Seocho, Songpa and Yongsan. Seoul apartment sales totaled 5,234 units in the reported July period, down 0.6% month over month before the reporting deadline. The jeonse large-deposit rental market also rose in June, with actual transaction prices gaining 1.28% for a fourth consecutive month, although July jeonse and monthly-rent transaction volumes declined.