Seoul's highest-priced apartment transactions fall for the first time in five months

As the heat of apartment transactions in Seoul has cooled recently, the share of the highest-priced transactions last month turned downward for the first time in five months.

According to data released today by Jikbang, a real estate brokerage platform, 15.6% of all transactions were signed last month at the highest price or higher among apartments in Seoul.

That's down from 16.9% of the previous month's trading share, the first time in five months that the gains, which had grown for four consecutive months since June, have fallen.

Seocho-gu was the autonomous district with the largest decrease in the proportion of highest-priced transactions in October in downtown Seoul, down 58.5% from the previous month, followed by Eunpyeong-gu and Jungnang-gu.