Phuket sellers are asking for more. Buyers are not closing at the same pace.
Supply is growing faster than sales
Phuket’s advertised second-hand housing supply reached 2,650 units at the end of Q2 2026, up 21.1% year-on-year, with a combined asking value of ฿24.656 billion, up 32.7%, according to the REIC national second-hand housing market report published 8 September 2026. Average asking price per listed unit rose from ฿8.5 million to ฿9.3 million.
Completed ownership transfers did not keep pace. Phuket recorded 1,905 second-hand transfers in the quarter, up only 4.8%, worth ฿5.89 billion, up 6.3% — the lowest growth rate of any province in REIC’s top-10 transfer ranking. Phuket’s share of national transfer value slipped from 5.5% to 4.7%. REIC’s own summary names Phuket as the province “starting to show signs of slowdown.”
Confirmed figures and source dates
The report covers the quarter ended 30 June 2026 and was published 8 September 2026. Nationally, second-hand listings grew 6.1% in units and 24.9% in value year-on-year, while completed transfers grew 24.0% in units and 22.9% in value — both listings and transfers growing together at the national level.
Who is affected
Owners listing resale villas and condos in Phuket are pricing ahead of what the transfer data shows buyers are actually completing. Nationally, every other top-10 transfer province — including Chiang Mai, Chonburi and Bangkok — recorded double-digit transfer growth in the same quarter; Phuket’s was single-digit.
What it may mean for Phuket property
A widening gap between rising asking prices and flat completed transfers is a signal sellers and their agents should not ignore: Phuket’s listing count is outpacing its transfer count year-on-year. Quarter-on-quarter the same series in REIC’s Q1 2026 report moved the other way — Phuket held 2,898 listed units in Q1 2026, against 2,650 here, a roughly 8.6% sequential decline. Which price bands and property types are behind either figure is not something this report breaks out for Phuket (see below).
What remains unknown
REIC’s report does not break Phuket’s transfer figures down by buyer nationality or by company versus individual purchase, and it does not state why transfer growth in the province lags the rest of the country. The comparison in this report is unit-count and aggregate value only; it says nothing about which price bands or property types within Phuket are moving and which are not.
Related guides and data
Buyers weighing a resale purchase against a new-build contract can compare the trade-offs in off-plan vs. resale in Thailand. Owners considering a sale in this market should review selling property in Thailand as a foreigner.
