Market Overview - The average base price of residential communities in Shanghai in November 2024 was 53,560 RMB per square meter, a month-on-month decrease of 1.38% and a year-on-year decrease of 14.49% [1] - The average price of existing homes in Shanghai continued to decline on November 1, 2024 [3] - The average base price of residential communities in Shanghai showed a downward trend from June to November 2024, with the price dropping from 56,439 RMB per square meter in June to 53,560 RMB per square meter in November [4] Transaction Volume - In October 2024, the number of second-hand housing transactions in Shanghai was approximately 24,400 units, with existing residential transactions accounting for about 22,000 units, a month-on-month increase of about 50% [6] - The transaction volume in October 2024 was second only to that of June 2024 [8] Policy Impact - The introduction of the "combination punch" policy on September 29, 2024, significantly increased market activity and boosted confidence in the existing market [8] - The policy led to a rapid increase in the number of property viewings and inquiries, and the transaction cycle was significantly shortened [8] - Historically, policies conducive to the healthy development of the real estate market have led to a concentrated increase in transaction volume and may slow down the downward trend in prices [8] Regional Analysis - The average base price of each ring line in Shanghai continued to decline on November 1, 2024, with the outer ring and suburban areas experiencing the largest decline [9] - Nearly 80% of the properties in the outer ring and suburban areas are mid-to-low-end communities, and the inventory of such properties has remained high for a long time [9] - After the new policy, sellers in these areas were eager to take advantage of the policy to sell quickly, leading to an increase in low-price listings and larger bargaining spaces in the outer ring and suburban areas [9] Submarket Performance - On November 1, 2024, the average price of each submarket continued to decline, with the decline in suburban areas and mid-to-low-end communities being the most significant [10] - The Jinhui submarket, where mid-to-low-end communities account for 70%, saw the largest decline in the city [11] Price Changes by Submarket - The overall decline in submarket prices continued to expand, with the number of submarkets experiencing a decline of -1% to -2% increasing by 3 percentage points to nearly 60% [15] - The number of submarkets with a decline of 0% to -1% decreased by 5 percentage points to 30% [15] - The number of submarkets with a decline of more than -2% increased slightly but remained less than 10% [15]
房地产数据发布：2024年11月上海市住宅价格
城市测量师行·2024-11-27 09:54