Are longer marketing periods appearing in Seoul townhouses?

[DaanGale]

Before treating the October 2025 figures as a change in direction, I’m trying to decide whether there is enough evidence to look beyond individual listings. In the Seoul townhouse group I’m following, asking prices range from ₩966,000,000 to ₩1,449,000,000 and homes are currently being marketed for about 118 days.

Rental regulation appears more relevant here than the latest monthly citywide number, but the sample is narrow. Would earlier price reductions, weaker buyer financing or a rise in fresh listings make this a credible local shift? If those signals are absent and only a few properties are lingering, I would treat it as normal variation.

 

[SharpSparrow]

I wouldn’t call it a shift from 118 days alone. In a narrow townhouse group, condition, exact neighbourhood boundaries and seller motivation can easily stretch the average. Recent completed sales would be more persuasive than asking prices. Are listings actually receiving cuts after a similar number of days, or are sellers simply withdrawing them?

 

[ada.heath]

Agreed that completed sales matter, but waiting for them can hide an early change. I’d compare October’s new-listing volume with withdrawn stock, then note when each price cut occurred. Buyer financing may also separate slow but viable listings from unrealistic ones. If several comparable homes are cutting earlier while fresh supply grows, that is more meaningful than the 118-day figure; if only dated properties linger, it is probably property-level variation.