On February 21st, the Real Estate Transaction Promotion Center announced their REINS Nationwide Usage Report for January 2022.

The Real Estate Investment Network Services (shortened to REINS; pronounced “rains”) is a broker-accessed, multi-listing service in Japan that connects sellers agents who list their inventory on the system with buyer agents whose client criteria match the advertised listings. 

Overall Data (both sales and leasing)

The number of newly registered properties in the REINS system for January was 385,517 listings, down 6.0% Year-on-Year (YoY).   January’s negative numbers are the first time in five months for a negative print.

The total number of registered properties increased for the sixth consecutive month to 838,799 (up 3.1% YoY).

The number of reported contracts declined for the seventh consecutive month to 47,718 reported contracts (down 1.5% YoY).

For Sale Data 

The number of newly registered properties for sale declined for the 22nd consecutive month to 94,030 (down 20.3% YoY). 

The total number of registered properties declined for the 19th consecutive month to 298,011 (down 7.9% YoY).

The number of reported contracts decreased for the seventh consecutive month to 13,242 contracts (down 8.8% YoY). 

For Rent Data

The number of newly registered rental properties declined for the first time in 21 months to 291,487 listings (down 0.3% YoY). 

The total number of registered properties increased for the 20th consecutive month to 547,788 (up 10.4% YoY).

The number of reported leasing contracts increased for the second consecutive month to 34,476 contracts (up 1.6% YoY). 

Further Reading

REINS Nationwide Usage Report for January 2022 (Japanese only; February 2022)

Real Estate Transaction Promotion Center Past Data (Japanese only)