Despite the easing of real estate regulations in early January, housing transactions have remained stagnant nationwide.

According to data from the Korea Real Estate Board on Thursday, there were 50-thousand-228 transactions on all types of housing in January, the lowest since the agency began compiling related data in 2006.

The latest tally is 77-point-five percent lower than the record-high of 223-thousand-118 transactions in July 2020, with sales alone coming to 25-thousand-761 in January to stand at 60 percent of the total from a year earlier.

Transactions of detached and multiplex homes fell to record lows of five-thousand-67 for detached homes and six-thousand-37 for multiplex homes.

Researchers in the industry have cited soaring interest rates and the downward trend of housing prices as the cause of the market stagnation.