Recently, data released by the National Bureau of Statistics showed that housing prices continued to decline in November, and the domestic property market is still accelerating. Not only does the number of cities** continue to increase, but so does the decline in house prices. From the first-tier to the second- and third-tier cities, no one is spared.
In this round of downward cycle of housing prices, all cities have been covered with no eggs. Judging from the data in January at the beginning of the year, at that time, 70 large and medium-sized cities, and 13 cities achieved second-hand housing **month-on-month**, but near the end of the year, the number of cities has been completely cleared.
Judging from the latest November data, not only have all cities joined the ranks of price reductions, but also the magnitude of house prices** is getting bigger and bigger. From a month-on-month perspective (compared with October), in November, second-hand housing prices in first-tier cities fell by 14%, a decrease of 06 percentage points;Second-hand housing prices in second- and third-tier cities fell by 07% and 08%, an average increase of 02 percentage points. From a year-on-year perspective (compared with November last year), in November, second-hand housing prices in first-tier cities fell by 29%, a decrease of 1 percentage point over the previous month;Second-hand housing prices in second- and third-tier cities fell by 36% and 39%, an average increase of 03 percentage points.
Although the national housing prices have been comprehensive**, and the decline is getting bigger and bigger, but the real scary thing is not the housing prices**, but the transaction volume is still shrinking. This shows that the current decline in housing prices is far from being in place, not to the extent that buyers can actively enter the market to buy houses, and most buyers are still waiting and waiting.
From the buyer's point of view, although the house price has continued, it is still high, so the willingness to buy a house is still very low, reflecting the statistics, that is, the transaction volume continues to decline. From January to November this year, the sales area of commercial housing decreased by 8 percent year-on-year0%, compared with the previous October, the decline continues to widen. More and more houses are being built, but fewer and fewer are being sold, and the most direct consequence is that the inventory level in the property market is getting higher and higher.
The downward trend in the real estate market has become irreversible. However, for many home buyers, they are still waiting for the right moment to buy a home. When is the best time to buy a home for these buyers?
First of all, we need to be clear that the ** price of the house does not necessarily mean that now is the best time to buy a house. Although there has been a trend in house prices, buyers still need to take into account their financial situation and home buying needs. If the buyer does not have enough money or does not have the need to buy a home, then even the price of the house is not the right time to buy a house.
Secondly, we need to consider the overall trend of the real estate market. If there is a long-term** trend in the real estate market, then buyers need to consider whether it will go further or whether there is a possibility of a recovery. If there is an upward trend in the market, then homebuyers can wait for a better time to buy a home.
Finally, we need to consider the individual circumstances of the home buyer. If buyers have enough money and the need to buy a home, then they can consider buying a home when the market is picking up or when home prices are relatively stable. If a homebuyer doesn't have enough money or doesn't have the need to buy a home, then they can consider waiting for a better time or choosing another way to invest.
In conclusion, the best time to buy a home needs to be considered based on the individual's financial situation, home buying needs, and overall market trends. Home buyers need to maintain a rational thinking and prudent judgment attitude to make decisions.