链家网隐藏上海二手房成交价，是担心房东恐慌！

Core Viewpoint - Shanghai Lianjia's decision to hide historical transaction prices of second-hand homes aims to stabilize market sentiment amid a declining real estate market [1][3] Group 1: Market Context - The second-hand housing market has been sluggish, with significant price declines in certain areas, prompting Lianjia to take action to alleviate seller anxiety [3] - Shanghai joins 15 other cities, including Beijing and Nanjing, in implementing similar measures to conceal transaction prices [1] Group 2: Implications of Price Concealment - The lack of transparent transaction data may lead to prolonged negotiation periods, as buyers and sellers face information asymmetry [5][7] - Buyers may become more cautious and lower their offers due to the absence of clear pricing information, while some sellers may hold firm on high prices [7] - The average negotiation period has increased by 15%-30% in cities where transaction prices are hidden, with a general decline in transaction success rates [7] Group 3: Market Dynamics and Perception - The removal of publicly available transaction data may fragment market consensus, leading to differing perceptions of "reasonable prices" among buyers and sellers [9] - Sellers may reference peak prices from two years ago, while buyers may look at current new home or rental prices, exacerbating transaction friction [9] Group 4: Information Flow and Accessibility - Despite the concealment of front-end data, intermediaries still possess complete transaction records, indicating that this measure serves more as a psychological intervention rather than a total information blackout [11] - Ordinary buyers face increased costs in obtaining information, often relying on multiple intermediaries or personal connections to ascertain true transaction prices [11] Group 5: Inventory and Future Outlook - As of July 2025, Shanghai's second-hand housing inventory exceeded 180,000 units, with an average absorption period of over 14 months [13] - Future market stabilization may depend on favorable policies such as relaxed purchase restrictions and lower mortgage rates, while ongoing economic uncertainty could hinder recovery efforts [13]