9月二手房交易活跃度有所回升

Core Viewpoint - The second-hand housing market in major cities in China showed signs of recovery in September, with increased transaction volumes, but prices remain under pressure, continuing the trend of "trading price for volume" [1][3]. Group 1: First-tier Cities - In Beijing, the second-hand housing market saw a significant increase in activity, with transaction volumes up nearly 20% month-on-month and year-on-year, totaling 15,843 units, a month-on-month increase of 18.8% and a year-on-year increase of 19.4% [2]. - Despite the increase in transaction volume, Beijing's second-hand residential prices fell by 0.60% month-on-month and 4.27% year-on-year [2]. - Shanghai's second-hand housing transactions increased by 27% year-on-year, with 17,723 units sold, a month-on-month increase of 2.7% [2]. - In Guangzhou, the average listing price for second-hand residential properties fell by 0.97% month-on-month and 6.13% year-on-year [2]. - Shenzhen experienced over a 40% year-on-year increase in transaction volume, while prices remained stable month-on-month [2]. Group 2: Second-tier Cities - In Hangzhou, the market activity improved with the end of high temperatures, but prices continued to fluctuate [3]. - Chengdu saw growth in transaction volumes under the "trading price for volume" strategy, but the month-on-month price decline expanded [3]. - Nanjing's second-hand housing market remained relatively flat, with continued price declines [3]. - Wuhan's transaction volume was stable, but prices faced significant downward pressure [3]. - In Chongqing, second-hand housing prices continued to decline, with an expanding drop [3]. - Tianjin's prices further decreased, particularly in suburban areas [3]. Group 3: Market Outlook - The overall second-hand housing market showed signs of recovery in September, with increased transaction volumes in Beijing, Shanghai, and Shenzhen, as well as some recovery in other core cities like Wuhan and Chengdu [3]. - The Central Index Research Institute expects continued moderate recovery in transaction activity in key cities in October, although last year's fourth-quarter high base may impact year-on-year growth rates [3].