Peninsula reporter Li Xiaofang.
According to the monitoring data of Zhuge Data Research Center, in the eighth week of 2024 (February 19 to 25), the transaction volume of second-hand residential buildings in key 10 cities was 9,997 units, a month-on-month increase of **61102%, down 4263%。Like the new housing market, affected by the Spring Festival holiday, there is also a short-term sluggish phenomenon in second-hand housing transactions, and the current transaction volume is at a medium and low level, and the upward trend of repair is still there.
Note: The key 10 cities include Beijing, Shenzhen, Suzhou, Nanjing, Qingdao, Chengdu, Hangzhou, Xiamen, Dongguan, and Foshan, with a year-on-year increase of **67529 in the sixth week of 202341%）
Among the key cities monitored in the eighth week, the transaction volume of second-hand residential buildings in 12 cities rebounded month-on-month. Among them, Beijing led the increase, with 1,831 second-hand residential transactions in the eighth week, an increase of more than 1,700 units from last week, and the pattern of accelerated restoration has emerged; The recovery speed of second-hand housing transactions in Shanghai and Chengdu is also relatively obvious, with the increase in transactions exceeding 2,000 units that week. In addition, it is worth noting that the four first-tier cities before the holiday have loosened the purchase restriction policy, providing a new impetus for promoting the release of housing demand.
From the perspective of cumulative transactions, as of February 25, 22,491 second-hand residential units were traded in the key 10 cities in February, a decrease of 58 from the same period last month72%, down 62. from the same period in 202327%。Since this year's Spring Festival holiday is all located in February, and last year's Spring Festival holiday is located at the end of January, so affected by the high base period in February last year, the cumulative transaction of second-hand houses has declined sharply year-on-year. With the end of the Spring Festival holiday, the resumption of production in all walks of life, and the recent largest drop in mortgage interest rates, it is expected that the scale of second-hand housing transactions in March may usher in a significant increase.