7月上海二手房“量稳价跌” 业内：市场韧性仍足

Core Viewpoint - The Shanghai second-hand housing market is experiencing stable transaction volumes but declining prices, with a notable drop in the price index for three consecutive months [1][2]. Group 1: Market Performance - In July, Shanghai's second-hand residential transactions reached 16,900 units, showing better performance compared to the same period in 2023, attributed to new policies stimulating trading growth [1]. - The price index for second-hand homes fell by 1.82% month-on-month in July, continuing a downward trend [1]. - Despite the price decline, the absolute transaction volume remained above 15,000 units, indicating market resilience [1]. Group 2: Price Trends - Only five districts in Shanghai saw an increase in second-hand home listing prices in July, with Changning District rising by 3.4% and Songjiang District by 2% [2]. - Central districts like Jing'an, Hongkou, and Xuhui experienced varying degrees of price declines, highlighting ongoing regional and product differentiation [2]. - The overall second-hand home prices are at their lowest since 2015, with some properties nearing prices from 2016 [2][3]. Group 3: Buyer Behavior - The market demand is primarily driven by first-time homebuyers and young families, particularly for properties priced below 3 million yuan, showing a preference for suburban areas with better value [1]. - Buyers are increasingly practical, opting to trade older homes for newer ones, often sacrificing location for larger living spaces within budget constraints [3]. - The price drop for older properties, such as those in the Hongkou District, has exceeded 30% compared to three years ago, with current listing prices allowing for further negotiation [3].