Japan Real Estate Institute JREI Home Price Indices

July 30, 2024
Japan Real Estate InstituteMay 2024 JREI Home Price Indices
According to the May 2024 JREI Home Price Indices, which were released by the Japan Real Estate Institute on
July 30, 2024, Composite stood at 122.36 (up 0.94% compared with the previous month), Tokyo 139.93 (up1.79%), Kanagawa 105.86 (down 1.62%), Chiba 89.28 (up 1.47%), and Saitama 92.68 (down 0.29%).
(January 2000 = 100)
Composite (Existing Condominium)
ChangeIndex

Dec. 2017
Dec. 2018
Dec. 2019
Dec. 2020
Dec. 2021
Dec. 2022
Dec. 2023
Jan. 2024
Feb. 2024
Mar. 2024
Apr. 2024
May. 2024

Month-on-Month Year-on-Year

90.88
91.57
92.88
95.77
106.83114.65 *118.38 *119.04 *119.51 *120.25 *121.22 *122.36－－－－－－-0.55%
0.56%
0.39%
0.62%
0.81%
0.94%

3.85%
0.75%
1.43%
3.12%
11.55%
7.32%
3.25%
3.40%
3.87%
3.80%
4.56%
5.77%

Chiba Prefecture (Existing Condominium)
ChangeIndex

Dec. 2017
Dec. 2018
Dec. 2019
Dec. 2020
Dec. 2021
Dec. 2022
Dec. 2023
Jan. 2024
Feb. 2024
Mar. 2024
Apr. 2024
May. 2024

Month-on-Month Year-on-Year

72.10
70.54
72.57
73.99
81.42
89.16 *
87.22
88.49 *
88.05 *
88.90 *
87.99 *
89.28－－－－－－-2.91%
1.46%-0.50%
0.97%-1.02%
1.47%

4.77%-2.16%
2.87%
1.96%
10.04%
9.51%-2.18%-2.56%-2.94%-0.74%-2.06%-0.66%

Tokyo Prefecture (Existing Condominium) Kanagawa Prefecture (Existing Condominium)
Index

98.67
100.62102.68106.58118.73127.85 *134.03 *135.02 *135.10 *136.40 *137.47 *139.93

ChangeMonth-on-Month Year-on-Year－－－－－－-0.07%
0.74%0.06%
0.96%
0.78%
1.79%

3.50%
1.97%
2.05%
3.79%
11.40%
7.68%
4.83%
5.14%
5.27%
5.59%
6.14%
8.20%

Index

87.54
87.02
86.25
87.60
96.48
102.25104.84 *104.46 *105.98105.61
107.60 *105.86

ChangeMonth-on-Month Year-on-Year－－－－－－-1.05%-0.36%
1.46%-0.35%
1.88%-1.62%

4.74%-0.60%-0.88%
1.57%
10.13%
5.98%
2.54%
1.75%
3.61%
1.74%
4.36%
2.47%

Saitama Prefecture (Existing Condominium)
Index

74.10
72.75
73.86
76.19
87.82
92.98 *
91.23 *91.64 *92.92 *
92.79 *
92.95
92.68

ChangeMonth-on-Month Year-on-Year－－－－－－-1.03%
0.45%
1.40%
-0.14%
0.17%-0.29%

3.19%-1.81%
1.52%
3.15%
15.27%
5.87%-1.88%-0.34%
0.27%-0.66%-0.69%
0.89%

Note: An asterisk (*) denotes a revised figure.

Exhibit 1: Indices at a GlanceBase Date
Compiled andPublished by
Release Frequency
Release Date

January 2000 = 100- Japan Real Estate Institute as the JREI Home Price Indices since January 2015
- Tokyo Stock Exchange as the TSE Home Price Indices from April 2011 to December
2014 (Index Figures up to Two Months Ago)
Monthly- Last Tuesday of Each Month- https://www.reinet.or.jp/?page_id=14347

Copyright © Japan Real Estate Institute.All rights reserved.No part of this publication may be translated, utilized,reprinted, reproduced, stored in a retrieval system or transmitted in any form either in whole or by in part, or by any means,electronic, mechanical, photocopy, recording or otherwise, without the prior written consent of the Japan Real Estate Institute.

Japan Real Estate Institute

JREI Home Price Indices

Exhibit 2: Year-on-Year Change Trends (last 10 years)
25.00%
Composite

Tokyo

Kanagawa

Chiba

Saitama

20.00%

15.00%

10.00%

5.00%

0.00%

2022/52023/52024/52023/52024/52021/52020/52022/5

Exhibit 3: JREI Home Price Indices (last 10 years)

2019/5

2018/52017/5

2016/5

2015/5-10.00%2014/5-5.00%

January 2000 = 100

150
Composite

140Tokyo

Kanagawa

Chiba

Saitama

130120110
100
9080

Copyright © Japan Real Estate Institute.All rights reserved.No part of this publication may be translated, utilized,reprinted, reproduced, stored in a retrieval system or transmitted in any form either in whole or by in part, or by any means,electronic, mechanical, photocopy, recording or otherwise, without the prior written consent of the Japan Real Estate Institute.

2021/52020/5

2019/5

2018/52017/5

2016/5

2015/560

2014/570

Japan Real Estate Institute

JREI Home Price Indices

Exhibit 4: Year-on-Year Change Trends (since June 1994)
30.00%
20.00%
10.00%
0.00%-10.00%-20.00%

Exhibit 5: JREI Home Price Indices (since June 1994)

2023/62022/62021/6

Saitama
2020/6

2019/62018/6Chiba
2017/6

2016/6

2015/6

2014/6

2013/6

2012/6Kanagawa

2011/6

2009/6

Tokyo
2008/6

2007/6

2006/6

2005/6

2004/6

2003/6

2002/6

2001/6

2000/6

1999/6

1998/6

1997/6

1996/6

1995/6

1994/6-40.00%Composite

2010/6-30.00%January 2000 = 100

250
Composite

TokyoKanagawa

Chiba

Saitama

200

150

2023/62022/62021/62020/6

2019/62018/62017/6

2016/6

2015/6

2014/6

2013/6

2012/6

2011/6

2010/6

2009/6

2008/6

2007/6

2006/6

2005/6

2004/6

2003/6

2002/6

2001/6

2000/6

1999/6

1998/6

1997/6

1996/6

1995/650

1994/6100

Please forward your questions to:
Research Division, Japan Real Estate InstituteE-mail: jrei-homepriceindex@imail.jrei.jp■ The copyright and all other rights of this publication (all materials, including graphics and text) are the property of the Japan Real Estate Institute(JREI). No part of this publication may be translated, utilized, reprinted, reproduced, stored in a retrieval system or transmitted in any form either in whole
or by in part, or by any means, electronic, mechanical, photocopy, recording or otherwise, without the prior written consent of the JREI.
■ This publication is based on sources and information believed to be reliable at the time of production, but the JREI disclaims any warranty or liabilityon the accuracy and completeness of the content of this publication. Those projections in this publication are not intended to be a forecast of future
outcomes. The content of this publication is subject to change without prior notice. The JREI shall not be responsible in any way for any damage or loss
caused in relation to the content of this publication.
Copyright © Japan Real Estate Institute.All rights reserved.No part of this publication may be translated, utilized,reprinted, reproduced, stored in a retrieval system or transmitted in any form either in whole or by in part, or by any means,electronic, mechanical, photocopy, recording or otherwise, without the prior written consent of the Japan Real Estate Institute.