2024年10月上海市住宅价格

Investment Rating - The report indicates a downward trend in the average base price of residential properties in Shanghai, with a current average of 54,308 RMB/square meter, reflecting a month-on-month decrease of 1.2% and a year-on-year decrease of 13.8% [2]. Core Insights - The transaction volume of second-hand residential properties in Shanghai for September was approximately 15,800 units, with expectations that the total stock transaction volume may fall below 14,000 units, marking a decline of over 10% compared to the previous month [4]. - Following the "527" policy, demand from first-time buyers and those upgrading has decreased, leading to reduced market liquidity, longer transaction cycles, and increased negotiation space, indicating a buyer's market [7]. - New policies issued by the Shanghai Municipal Housing and Urban-Rural Development Committee aim to enhance market confidence and stimulate housing transactions through adjustments in purchase restrictions, credit optimization, and tax adjustments [7]. Summary by Sections - As of October 1, 2024, the average base price continues to show a downward trend, with most areas experiencing an expanded decline [8]. - The areas with the highest proportion of relocation communities are seeing the most significant price drops, attributed to a large inventory of mid-to-low-end properties and a decrease in demand [9][10]. - The overall decline in property prices is more pronounced than in previous periods, with a notable increase in the number of districts experiencing price drops exceeding 2% [11].