11月全国多地二手房成交量上涨：市场有望“量价趋稳”

Core Insights - The real estate market in November showed significant recovery, particularly in second-hand housing, with first-tier cities experiencing a notable increase in transaction volumes, indicating a shift from "price for volume" to "stable volume and price" [1][5][6] Group 1: Market Performance - In November, the second-hand housing market across 30 key cities recorded a transaction area of approximately 17.04 million square meters, a month-on-month increase of 14%, with a year-to-date positive growth of 3% [1] - First-tier cities saw a total transaction area of 4.02 million square meters, reflecting a month-on-month growth of 10% [1] - Shanghai's second-hand housing transactions reached 22,943 units, a month-on-month increase of about 24%, marking the highest transaction volume in nearly seven months [2] Group 2: Demand Dynamics - The demand for both first-time buyers and high-end properties is rising simultaneously, with core urban areas showing strong interest and price increases [3][4] - In Shanghai, the proportion of second-hand housing transactions below 3 million yuan has risen to 60%, indicating a sustained increase over three months [3] - In Shenzhen, the second-hand housing market has shown a structural characteristic of both first-time and luxury demand being active, with second-hand transactions accounting for 63% of total residential transactions in November [4] Group 3: Policy and Future Outlook - The real estate regulatory policies have largely been exhausted, with over 560 policies introduced this year, and a focus on targeted measures to stabilize the market [5] - Analysts predict that the real estate market will continue to stabilize, with a shift towards a "stable volume and price" phase in the second-hand housing market, supported by improved buyer confidence and increased transactions [6]