楼市成交同比连降七周

Report Summary 1. Investment Rating The provided content does not mention the industry investment rating. 2. Core View The real - estate market shows a mixed performance with both二手房 and新房 sales experiencing consecutive year - on - year declines for seven weeks, but with some variations in different city tiers and specific cities [1][3]. 3. Detailed Summaries 3.1. Overall Second - hand Housing - This week (July 18 - 24), the second - hand housing transaction area in 15 cities was 2.11 million square meters, with a 1% week - on - week increase and a 4% year - on - year decline, having declined for seven consecutive weeks. From July 1 - 24, the cumulative year - on - year decline was 6%, higher than the 3% decline in June [1]. 3.2. Second - hand Housing by City Tier - In first - tier cities, the weekly transaction area of second - hand housing increased for two consecutive weeks, with a 4% increase this week. Year - on - year, it declined for seven weeks, with a 2% decline this week. Among them, Beijing, Shanghai, and Shenzhen had different growth and decline situations [2]. - In second - tier cities, the transaction area of second - hand housing decreased by 3% week - on - week. Year - on - year, it declined by 6% [2]. - In third - tier cities, the transaction area of second - hand housing increased by 2% week - on - week. Year - on - year, it increased by 2% [2]. 3.3. Overall New Housing - This week, the new housing transaction area in 38 cities was 2.02 million square meters, with a 7% week - on - week increase and a 6% year - on - year decline, having declined for seven weeks. From July 1 - 24, the cumulative year - on - year decline was 16% [3]. 3.4. New Housing by City Tier - In first - tier cities, the new housing transaction area decreased for three consecutive weeks, with a 3% decline this week. Year - on - year, it declined for seven weeks, with a 22% decline this week [3]. - In second - tier cities, the new housing transaction area increased by 8% week - on - week. Year - on - year, it declined by 4% [4]. - In third - tier cities, the new housing transaction area increased by 16% week - on - week. Year - on - year, it increased by 3% [4]. 3.5. Key City Observations - In first - tier cities, both second - hand and new housing weekly transactions declined year - on - year for seven weeks. For second - hand housing, Beijing, Shanghai, and Shenzhen had different week - on - week and year - on - year performance. For new housing, the same was true, with different trends in each city [25]. - In Hangzhou, the second - hand housing transaction area was flat week - on - week, and the new housing transaction area increased by 18% week - on - week [26]. - In Chengdu, the second - hand housing transaction area increased by 5% week - on - week, and the new housing transaction area was flat week - on - week [26]. 3.6. Housing Price Observation - From July 14 - 20, the weekly listed prices of second - hand houses in Shanghai, Beijing, and Shenzhen decreased by 0.10%, 0.39%, and 0.16% respectively week - on - week. Compared with the week before the "924" policy last year, they also decreased [55].