楼市“金九银十”收官：新房价格微涨二手房压力仍存

Core Insights - The real estate market in key cities experienced a slight cooling in October after a high performance in September, with a notable divergence in market conditions across different regions [1][2][8] - New home prices showed a slight increase nationally, while the second-hand housing market continued to face downward pressure [5][6] Market Performance - In Beijing, the second-hand housing market saw a significant decline in transactions, with 12,087 units signed in October, down 23.7% month-on-month, while new home transactions were 3,453 units [2] - Shenzhen's total residential transactions (new and second-hand) reached 6,847 units in October, a decrease of 10.3% from the previous month, with new home transactions down 14.1% [2] - Shanghai's second-hand housing market recorded 18,483 transactions in October, a decrease of 9.3%, but showed resilience with a daily average transaction increase of over 10% compared to September [3][4] Price Trends - The average price of new homes in 100 cities increased by 0.28% month-on-month to 16,973 yuan per square meter, while the average price of second-hand homes fell by 0.84% to 13,268 yuan per square meter [6] - In Shenzhen, the average transaction price for second-hand homes was 58,900 yuan per square meter, reflecting a slight increase of 0.3% month-on-month [7] - The overall market is experiencing price adjustments, with many cities seeing significant declines in second-hand home prices, particularly in cities like Kunshan and Nanjing [6][7] Market Outlook - The year-end performance of real estate companies is expected to be influenced by increased supply in core cities, which may support new home sales, while second-hand home transactions are anticipated to continue a moderate recovery [8] - The fourth quarter is likely to reveal the effects of market dynamics, with a noticeable year-on-year decline in sales volume for both new and second-hand homes in key cities [8]