楼市金九银十：成交趋稳 以价换量仍是主流

Group 1 - The core viewpoint of the articles indicates that the real estate market in first-tier cities is stabilizing despite a slight decline in transaction volume in October, with price adjustments being a key factor in restoring buyer confidence [1][2][5] - In October, the second-hand housing market in Beijing saw a significant drop in transactions, with a 23.7% decrease in net signed contracts compared to September, while Shanghai and Shenzhen also experienced declines of 9.83% and 14.1% respectively [2][4] - The average price of second-hand residential properties in 100 key cities fell by 0.48% month-on-month and 3.5% year-on-year, marking 32 consecutive months of month-on-month declines and 34 months of year-on-year declines [4] Group 2 - The new housing market is witnessing a shift in buyer preferences, with a growing demand for high-quality properties, leading to a 3.7% month-on-month increase in sales for the top 100 real estate companies in October [3][5] - The introduction of stimulus policies in major cities since August has had a limited impact, as many buyers remain hesitant due to a "buy high, not low" mentality, although new high-quality projects are expected to improve market sentiment [5][6] - Future policy measures are anticipated to further stabilize market expectations, with potential adjustments in down payment ratios and other financing options to stimulate demand [6]