一线二手房销售五连跌
HUAXI Securities·2025-06-21 09:55
- Report Industry Investment Rating No relevant content provided. 2. Core Viewpoints - The second - hand housing transaction in 15 cities increased slightly week - on - week but decreased year - on - year, and the year - on - year growth rate has narrowed since June. The new housing transaction in 38 cities increased week - on - week but the year - on - year decline widened [1][2]. - The second - hand housing in first - tier cities decreased week - on - week for five consecutive weeks, while the new housing increased week - on - week. The second - hand and new housing in second - and third - tier cities showed different trends [1][2][3]. - In key cities, the second - hand and new housing transactions in first - tier cities had different performance in terms of week - on - week and year - on - year changes. The housing prices in first - tier cities also showed a downward trend in May [24][50]. 3. Summary by Relevant Catalogs 3.1 Transaction Volume Observation 3.1.1 Second - hand Housing - In the week of June 13 - 19, the transaction area of second - hand housing in 15 cities was 2.34 million square meters, with a week - on - week increase of 3% and a year - on - year decrease of 5%. The year - on - year growth rate since June narrowed to 1% [1]. - First - tier cities' second - hand housing decreased week - on - week for five consecutive weeks, with a 2% decline. Among them, Shenzhen and Shanghai decreased by 10% and 4% respectively, while Beijing increased by 5%. Second - and third - tier cities' second - hand housing increased week - on - week for two consecutive weeks, with growth rates of 4% and 14% respectively [1][2]. 3.1.2 New Housing - In the week of June 13 - 19, the transaction area of new housing in 38 cities was 2.68 million square meters, with a week - on - week increase of about 5% and a year - on - year decrease of 14%. The year - on - year decline was larger than that in previous months [2]. - First - tier cities' new housing increased week - on - week by 2%, with Beijing, Guangzhou, and Shenzhen increasing by 32%, 8%, and 8% respectively, while Shanghai decreased by 16%. Second - tier cities' new housing decreased week - on - week by 1%, and third - tier cities' new housing increased week - on - week by 18% [2][3]. 3.2 Key City Observation 3.2.1 First - tier Cities - Second - hand housing: In the week of June 13 - 19, the transaction area of second - hand housing in Beijing, Shanghai, and Shenzhen decreased week - on - week by 2%. Shanghai and Shenzhen decreased year - on - week, while Beijing increased. In June 1 - 19, Beijing and Shenzhen increased year - on - month, while Shanghai decreased [24]. - New housing: In the week of June 13 - 19, the transaction area of new housing in first - tier cities increased week - on - week by 2%. Beijing, Guangzhou, and Shenzhen increased, while Shanghai decreased. In June 1 - 19, Beijing and Shanghai increased year - on - month, while Shenzhen and Guangzhou decreased [24][25]. 3.2.2 Other Key Cities - In Hangzhou, the second - hand and new housing transaction areas decreased week - on - week by 7% and 1% respectively in the week of June 13 - 19. In Chengdu, the second - hand housing transaction area increased week - on - week by 5%, and the new housing transaction area decreased week - on - week by 17% [24][25]. 3.3 Price Observation - In May, the second - hand housing price index in first - tier cities decreased both month - on - month and year - on - year. The month - on - month decline was 0.7%, and the year - on - year decline was 2.7%. The new housing price index in first - tier cities also showed a downward trend, with a month - on - month decline of 0.2% and a year - on - year decline of 1.7% [50].