排队买房场景重现？上海楼市暖冬炸出小阳春，买家不敢再等了

Core Insights - The Shanghai real estate market has shown unexpected resilience in January 2026, countering typical seasonal trends and indicating a "warming" sentiment among buyers [1][13] - There is a notable shift in buyer mentality from hesitation to urgency, with many buyers eager to finalize purchases before the Lunar New Year [3][5] - Data indicates a significant increase in transaction volume and a narrowing of price declines, suggesting a potential market recovery [7][9] Market Trends - January 2026 saw 22,834 second-hand property transactions in Shanghai, marking the highest level for the same period in five years [7] - The average price of second-hand residential properties in Shanghai decreased by 0.4% month-on-month, but the rate of decline has slowed, indicating a potential stabilization in prices [7] - The number of properties listed for sale has been declining for nine consecutive months, leading to a tighter market with reduced negotiation power for buyers [9] Buyer Behavior - Buyers are increasingly willing to exceed their budget to secure properties, as evidenced by a case where a buyer increased their offer by 5 million to close a deal [3][5] - The demand for lower-priced properties remains strong, with 68.92% of transactions in January involving homes priced under 3 million [11] - The urgency among buyers is reflected in the quick sales of properties, with some listings being sold within days [5][9] Market Outlook - The current trends suggest an early onset of the "small spring" market, with expectations for stable transaction volumes and prices in the upcoming months [13] - Analysts predict that policy support and concentrated demand will help sustain the market, although caution is advised regarding potential price increases in less desirable areas [13]