上海链家：11月上海二手房成交环比增24% 为5月以来最高

Core Viewpoint - In November 2025, Shanghai's second-hand housing transactions increased by 24% month-on-month, reaching the highest level since May, with a total of 22,943 units sold [1] Group 1: Market Performance - The market is primarily driven by demand for low-priced homes, with properties priced below 3 million yuan accounting for 60% of transactions [1] - 90% of neighborhoods in Shanghai have reduced listing prices, but signs of price stabilization are emerging [1] - The number of neighborhoods with high-frequency transactions increased by 21% month-on-month in September, with 45% of neighborhoods experiencing price increases, up 4% from the previous month [1] Group 2: Buyer Sentiment - The bargaining space has narrowed to 15%, the lowest level since 2024, indicating a more rational buyer sentiment [1] - In September 2025, 47% of essential housing neighborhoods saw price increases, up 6 percentage points month-on-month, contributing to the overall market stabilization [1] Group 3: Regional Insights - In key areas like Fengxian and Jinshan, second-hand housing transactions increased by 15% and 21% month-on-month, respectively [1] - The "8.25" policy continues to stimulate demand for essential housing, with the cancellation of purchase restrictions outside the outer ring and the unification of mortgage rates for first and second homes [1] - Transactions in areas outside the outer ring grew by 16%, surpassing the citywide average [1]