Japan real Estate has hit an all-time high for the third consecutive month, according to official figures.
The National Association of Realtors (NAR) said the number of homes sold in Japan increased by a whopping 12.4 percent in March from a year ago, to 7.7 million.
The average price of a home sold in March was ¥2.5 million ($1.3 million), up 10.5 percent from a month earlier.NAR said this was the third straight month of a rise in the number and average price for homes sold.
Japan has seen a number of sales over the past year, especially in the high-rise market.
The NAR said the average price increase for new homes sold this month was 13.5%.
The number of new properties sold by developers, builders and homeowners also rose by more than 10 percent.
The number of properties in the hands of buyers fell to a new record low in March, when it was just 0.5.
The NAR did not break down how many properties were sold.
According to the NAR, there were 2.8 million new housing units in March compared to 2.6 million in March 2016.
The average price rose by 15.6 percent, or ¥1.9 million.
The number and price of homes being sold in the country has continued to rise in recent years.
According to the NAR, in March 2017, there was a 3.2 percent increase in the average selling price of new homes.
In January 2018, there had been a 3 percent increase.
The NAR also noted that the average monthly sale price in March had jumped to ¥5.9 trillion ($1 trillion) from ¥4.6 trillion ($2.4 trillion).
In the past two years, the number in March has increased by over 10 percent every year.
The last time it increased more than that was in March 2018.
In March 2018, the average value of a new home sold increased to ¥9.7 billion from ¥8.6 billion a year earlier.
In terms of the number who had bought a home, it was 1.5 billion in March.
In February 2018, it had reached 1.8 billion.