2024年7月上海市住宅价格发布：今天，你房价评估了没？

Investment Rating - The report indicates a downward trend in residential prices in Shanghai, with an average base price of 55,999 RMB per square meter in July 2024, reflecting a month-on-month decline of 0.78% and a year-on-year decline of 13.23% [2]. Core Insights - The implementation of the "Nine Policies" has positively impacted the market, leading to a significant increase in second-hand housing transactions, with June 2024 seeing 26,000 units sold, a month-on-month increase of over 30% [4][5]. - Despite the increase in transaction volume, the report suggests that this does not guarantee an immediate reversal in price trends, as historical data indicates that a single month of increased sales may not be sufficient to change the overall price trajectory [5]. - The report highlights a divergence in price trends across different regions, with central urban areas experiencing a more significant narrowing of price declines compared to suburban areas, which continue to face high inventory and longer absorption periods [6][7]. Summary by Sections - Residential Price Trends: The average base price in Shanghai's residential market continues to decline, with a month-on-month decrease and a significant year-on-year drop [2][6]. - Transaction Volume: The second-hand housing market has shown a notable increase in activity, particularly following the "Nine Policies," with transaction volumes reaching levels not seen since March 2023 [4][5]. - Regional Price Divergence: There is a notable difference in price movements between central and suburban areas, with suburban regions struggling to stabilize prices due to high inventory levels [6][7]. - Market Sentiment: The report indicates that while transaction volumes have increased, the overall market sentiment remains cautious, with potential for continued downward pressure on prices if the upward trend in transactions does not persist [5][8].