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Prices are still increasing despite more on market properties according to the Real Estate Information Network for East Japan.
While sales transactions fell, sold prices continued to rise for both condos and freestanding homes.
Tokyo, Saitama and Kanagawa prefectures saw continued decreases while Chiba prefecture reported the sole increase in executed sales contracts.
Rising prices still point to supply shortage and not decreased buyer demand as the main reason for the decline.
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