Total primary supply of houses to the market in Vietnam reached 86,971 units in 2024, marking a strong increase of 84% compared to the previous year, according to the latest report on the Vietnamese real estate market released recently by Dat Xanh Services.

Of which, new supply was estimated at around 53,200, including 32,500, 7,100 and 13,100 units in the northern, central and southern regions, respectively. 

The average absorption rate was estimated at 30-35%, up 125% year-on-year. The northern region recorded the highest absorption rate of 45-50%, followed by the southern region with 25-30% and the central region 20-25%.

Selling prices of most of product types increased 3-10% last year, particularly selling prices of apartments. Selling prices of apartments in Hanoi and neighboring localities posted a year-on-year rise of 40-55% while those in Ho Chi Minh City and neighboring localities surged 10-20%.