- Used condominium prices in Tokyo's 23 wards reached a record average of over 119 million yen (roughly $755,000 USD) in December.
- Prices increased significantly across all areas of Tokyo, with the central wards experiencing the largest surge at nearly 29.7 percent year-over-year.
- Rising prices are making homeownership challenging and prompting questions about the sustainability of the current seller's market.

A: Hey! Did you hear about the news? Crazy condo prices in Tokyo!

B: No way! What’s going on?

A: Apparently, used condo prices are super high! Like, over 755,000 dollars on average last month.

B: Seriously?! That’s a lot! Is it everywhere?

A: Mostly in the 23 wards of Tokyo. Prices are up almost 40% compared to last year!

B: Wow! Even more expensive in the central areas, right? Like Shibuya and Minato?

A: Exactly! Almost 1.17 million dollars on average there!

B: Incredible! So, is it just for rich people now?

A: It seems like people are buying them to *make* money, not just to live in.

B: That’s a shame. I thought I might buy something someday…

A: Me too! But who knows how long this will last, right? The experts are wondering that too.