智通财经网·2025-06-01 00:05Core Viewpoint - The overall real estate market in China has shown signs of stabilization in May 2025, with a significant drop in new housing supply, while transaction volumes remained stable compared to April, and year-on-year sales showed positive growth [1][12]. Group 1: Market Performance - In May 2025, the top 100 real estate companies achieved a sales turnover of 294.58 billion yuan, representing a month-on-month increase of 3.5% and a year-on-year decrease of 8.5%, with the decline slightly narrowing compared to April [1]. - Cumulatively, from January to May 2025, these companies recorded a total sales turnover of 1,312.75 billion yuan, reflecting a year-on-year decline of 7.1% [1]. - More than half of the top 100 companies saw month-on-month performance improvements in May, with 22 companies experiencing increases greater than 30% [1]. Group 2: Sales Thresholds - The sales thresholds for the top 100 real estate companies in May 2025 were as follows: 34.98 billion yuan for the top 10, 15.15 billion yuan for the top 20, 9.53 billion yuan for the top 30, 6.14 billion yuan for the top 50, and 2.25 billion yuan for the top 100 [6]. - The sales threshold for the top 30 companies saw the highest year-on-year growth at 5.3%, followed by the top 50 at 3%, while the top 100 saw a minimal increase of 0.2% [6]. Group 3: Tiered Sales Performance - From January to May 2025, only the tier of companies ranked 31-50 among the top 100 saw a year-on-year increase in cumulative sales, achieving a growth of 4.9%, while all other tiers experienced declines, with the top 4-10 tier seeing the largest drop at 13.3% [9]. Group 4: Future Expectations - Looking ahead to June, it is anticipated that the year-end push from real estate companies, combined with improved supply quality, will support a continued steady recovery in transaction volumes, with month-on-month increases expected [12]. - In major cities like Shanghai, Shenzhen, and Hangzhou, supply constraints are becoming more pronounced, limiting transaction volumes [12]. - Cities that previously underwent significant adjustments, such as Zhengzhou, Tianjin, and Nanjing, are expected to stabilize, while some weaker second-tier cities face ongoing high inventory challenges [12].