二手房挂牌量激增！一线房价扛不住了？业主们心态又有了哪些变化

Core Viewpoint - The real estate market in first-tier cities is experiencing unprecedented declines, with secondary housing prices dropping significantly, indicating a loss of confidence among investors and homeowners [1][3]. Group 1: Price Decline Data - In June, the average price of second-hand homes in 100 cities fell by 0.75% month-on-month and 7.26% year-on-year, with first-tier cities showing a more alarming trend [1]. - The month-on-month decline in first-tier cities increased from 0.36% in May to 0.56% in June, while second-tier and third-fourth tier cities saw declines of 0.81% and 0.76%, respectively [1][3]. Group 2: Factors Contributing to Price Decline - The surge in second-hand housing listings is notable, with Beijing exceeding 150,000 listings and Shanghai surpassing 200,000, indicating a lack of confidence among speculators and resulting in oversupply [5]. - Market expectations have reversed, with buyers hesitant to purchase due to continuous price drops, creating a vicious cycle where falling prices lead to decreased transaction volumes, further driving down prices [6]. - The price-to-income ratio in first-tier cities has reached 40 times, far exceeding residents' purchasing power, necessitating a return to more rational pricing, which forces landlords to lower prices significantly [7]. Group 3: Landlord Sentiment - Landlords in first-tier cities have shifted from a position of arrogance to one of resignation, as the rising number of listings reflects a collapse in owner sentiment [8]. - Many landlords are now opting to sell below market value to mitigate further losses, leading to a harsh reality in the market [8].