多个核心城市9月份楼市成交活跃度回升

Core Insights - The real estate market in major cities of China has shown increased activity in September, driven by a series of supportive policies and the traditional peak season of "Golden September and Silver October" [1][2] - Key cities such as Beijing, Shanghai, and Shenzhen have experienced a rise in both new and second-hand housing transactions, indicating a recovery in market sentiment [1][2] Market Performance - In September, Beijing saw new residential sales of 460,000 square meters, a month-on-month increase of 21% and a year-on-year increase of 22%. Second-hand home transactions reached 16,000 units, with a month-on-month increase of 19% and a year-on-year increase of 19% [1] - Shanghai's new residential sales totaled 970,000 square meters in September, reflecting a month-on-month increase of 23% and a year-on-year increase of 16%. Second-hand home transactions were 20,000 units, with a month-on-month increase of 5% and a year-on-year increase of 29% [1] - Shenzhen's second-hand home market showed significant growth, with 5,808 units sold in September, marking a month-on-month increase of 10.3% and a year-on-year increase of 52.4%. This marks the seventh consecutive month of exceeding the industry "boom-bust line" [1] - In addition to first-tier cities, many second-tier cities also displayed active markets, with 108,617 second-hand residential transactions in 14 monitored cities, a month-on-month increase of 5% and a year-on-year increase of 13.12%, achieving the highest monthly transaction volume since 2022 [1] Market Trends - The second-hand housing transaction volume in several cities, including Zhengzhou, Chengdu, and Wuxi, has returned to positive growth year-on-year as of September [2] - The average de-stocking period for second-hand homes in key cities was 17.7 months in September, a year-on-year decrease of 14.1%, indicating a significant improvement from last year's peak and a reduction in market pressure [2] - Analysts suggest that the positive market response to new policies has restored buyer confidence, particularly in first-tier and strong second-tier cities, leading to increased market activity [2] - The implementation of "regionally tiered relaxation" of purchase restrictions and enhanced credit support has lowered the barriers for second-hand home purchases, stimulating demand and facilitating transactions [2] - Overall, the transaction volumes for both new and second-hand homes in major cities have shown varying degrees of recovery, with expectations for continued stabilization in the fourth quarter [2]