Thailand’s resale housing market grew in Q2, but the gains were uneven

Asking-value growth outpaced the increase in listings

The number of resale homes listed for sale at the end of Q2 was 6.1% above the same period a year earlier. Their aggregate asking value increased by a much larger 24.9%.

The shift toward higher-priced stock was one reason for the difference. Listings above THB 10 million increased 32.4% in unit terms and 39.6% in asking value. At the other end of the market, the under-THB 1 million category recorded declines in both listed units and asking value.

Those figures should not automatically be treated as a transaction-price index. They describe the accumulated stock offered by sellers, so a higher total asking value can reflect a different mix of homes as well as changes in asking prices.

For practical context, see How to buy property in Thailand. This development also connects with Bangkok-area condo sales rise 19.5% as low-rise sales fall.

Bangkok-area transfers and condominiums stood out

Bangkok and the surrounding provinces remained the largest resale market in the report. Registered ownership transfers in the area increased 35.0% year on year by unit count and 29.4% by value.

Detached houses still represented the biggest segment overall, but condominiums posted the most pronounced growth. Condo resale listings were up 25.2%, while registered ownership transfers increased 39.4%.

REIC also found stronger demand in the THB 1.51–5 million range, with the THB 2.01–3 million band recording the highest growth in both transfer units and value. Homes priced below THB 1 million still accounted for 34.8% of all ownership transfers, even though supply in that price bracket had contracted.

Buyers should separate market supply from completed transactions

For a resale buyer, the report is most useful as a map of where activity is building. Listing data show where choice is expanding; transfer data show where purchases are actually reaching registration.

The distinction is particularly important above THB 10 million. Transfer volumes in that band fell 1.3% year on year, even as the total value of those transfers increased 10.9%. That points to a higher-value mix of completed transactions, but it does not establish that every property in the segment has become more expensive.

Owners should also avoid treating nationwide or regional averages as a valuation of an individual home. Location, tenure structure, building condition, property type and the competing stock around a specific unit can all produce a very different result from the headline market figures.