23城二手住宅成交量同比增长

Core Insights - The real estate market in key cities across China showed a significant rebound in transaction volume in September 2025, with notable year-on-year increases in several cities [2][3] - However, despite the increase in transaction volume, the average price of second-hand residential properties continued to decline, indicating ongoing downward pressure on prices [7][4] Transaction Data Summary - Cities with the highest transaction volumes included Shanghai (17,742 units, +43.1% YoY), Chengdu (16,345 units, +25.4% YoY), and Jinan (4,932 units, +26.9% YoY) [2] - Conversely, cities like Dalian (-60.8% YoY), Foshan (-27.9% YoY), and Nanjing (-12.0% YoY) experienced significant declines in transaction volumes [3] Price Trends - The average price of second-hand residential properties in 100 cities was 13,381 yuan per square meter in September 2025, reflecting a month-on-month decrease of 0.74% and a year-on-year decrease of 7.38% [7] - The price declines were observed across first, second, and third/fourth-tier cities, with first-tier cities experiencing a 3.64% cumulative decline from January to September 2025 [4] Market Activity - The trading activity in September 2025 indicated a recovery in the second-hand housing market, but the high volume of listings continued to exert pressure on prices [7] - The cumulative price decline for the first three quarters of 2025 was reported at 5.79% for the 100 cities monitored [7]