现在“割肉”卖房，晚不晚？

Core Viewpoint - The July housing price report indicates a continued decline in the second-hand housing market, with an average price of 13,585 yuan per square meter across 100 cities, reflecting a month-on-month drop of 0.77% [1] Group 1: Price Decline - The cumulative decline of 0.7% per month could lead to nearly a 10% decrease by the end of the year, equating to a loss of 200,000 yuan on a 2 million yuan property [3] - Major cities are also experiencing price drops, with Beijing down 0.61%, Shanghai down 0.57%, and Shenzhen down 0.55%, while Guangzhou saw a decline of 0.82% [4] - In second and third-tier cities, the situation is even worse, with cities like Hefei, Xi'an, and Zhengzhou experiencing month-on-month declines exceeding 1% [4] Group 2: Market Dynamics - Despite the increase in transaction volume, the number of listings continues to rise, indicating that more homeowners are lowering prices to sell, fearing they will miss out [4] - Properties that were listed at the beginning of 2023 could see a cumulative decline of over 25% if owners do not adjust their asking prices [4] - The market is characterized by a lack of recovery potential for many ordinary second-hand homes, especially those in less desirable locations or with outdated features [4][8] Group 3: Policy and Market Response - Current policy measures are primarily focused on new housing, as second-hand transactions do not contribute to land finance, leading to a neglect of the second-hand market [6] - Even high-demand areas like Haidian in Beijing and Qiantan in Shanghai are witnessing significant price reductions, with some new properties selling for 8% less than three months prior [7] - The ongoing market adjustment is not a short-term fluctuation but a prolonged decline that has persisted for four years, with over 20% of cities experiencing monthly declines exceeding 1% [8]