2025年2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 continued downward trend in the average price of residential properties in Shanghai, with a current average price of 52,798 CNY per square meter, reflecting a month-on-month decrease of 0.27% and a year-on-year decrease of 11.02% [1]. Core Insights - The volume of second-hand residential transactions in Shanghai for January 2025 was approximately 18,300 units, with an estimated 16,000 units being stock residential transactions. The market experienced a significant slowdown due to the traditional Spring Festival holiday, resulting in a notable decrease in transaction volume [3]. - Despite a nearly 40% month-on-month decline in transaction volume due to the Spring Festival, the year-on-year comparison shows a 9% increase in transaction volume compared to the same period last year. The market has maintained a relatively high level of activity, characterized by a "volume increase and price stability" trend, supported by favorable policies [4]. - The average price across various ring areas continues to decline, but the rate of decline has narrowed for most areas. The middle and outer ring areas have shown a quicker absorption of inventory due to their price-performance advantages, leading to a rebound in transaction volume [5]. - All segments of the market continue to experience price declines, with prices lower than the same period last year. However, the overall decline in prices is showing signs of narrowing. Areas with older properties, such as Huangxing and Anshan, are seeing an increase in the extent of price declines due to reduced buyer demand and increased inventory [6]. - The number of segments with a price decline of 0% to -1% has increased by 22 percentage points compared to the previous month, now accounting for over 90% of the market. Conversely, segments with a decline of -1% to -2% have decreased by 21 percentage points, now making up less than 10% of the market. No segments have experienced a decline exceeding -2%, indicating an upward trend in overall market changes [8].