连降十周后,二手房成交同比转升
HUAXI Securities·2025-08-23 13:53
- Report Industry Investment Rating - No relevant information provided 2. Core Viewpoints of the Report - The second - hand housing market shows signs of improvement, with the week - on - week and year - on - year growth of transaction volume in multiple cities. The new housing market has a mixed performance, with week - on - week growth but continuous year - on - year decline [2][3] - Different cities at various levels have different trends in the real estate market, with first - tier, second - tier, and third - tier cities showing their own characteristics in terms of transaction volume changes [2][3] 3. Summary by Relevant Content 3.1 Second - hand Housing Market 3.1.1 Overall Situation - This week (August 15 - 21), the transaction area of second - hand houses in 15 cities was 2.06 million square meters, with a week - on - week increase of 9% and a year - on - year increase of 8% after ten consecutive weeks of decline. From August 1 - 21, the second - hand housing transaction increased by 1% year - on - year, better than - 5% in July and - 3% in June but still weaker than 4% in May [2] 3.1.2 First - tier Cities - The week - on - week transaction area of second - hand houses in first - tier cities increased for two consecutive weeks, with a growth rate of 6%. Beijing, Shenzhen, and Shanghai increased by 8%, 7%, and 4% respectively. Year - on - year, they increased for three consecutive weeks, with an increase of 8%, and Shenzhen, Shanghai, and Beijing increased by 20%, 7%, and 4% respectively [2] 3.1.3 Second - tier Cities - The week - on - week transaction area of second - hand houses in second - tier cities increased for two consecutive weeks, with a growth rate of 12%. Among them, Chengdu increased by 20%, and the growth rates of Qingdao, Suzhou, and Xiamen were between 2% - 11%. Year - on - year, it increased by 6% [3] 3.1.4 Third - tier Cities - The week - on - week transaction area of second - hand houses in third - tier cities increased for two consecutive weeks, with a growth rate of 5%. Yangzhou and Jiangmen increased by 76% and 11% respectively. Year - on - year, it increased by 12% [3] 3.2 New Housing Market 3.2.1 Overall Situation - This week, the transaction area of new houses in 38 cities was 1.9 million square meters, with a week - on - week increase of 3% after a decline, and a year - on - year decline for eleven consecutive weeks, with a decline of 28% this week. From August 1 - 21, the new housing transaction decreased by 19% year - on - year, weaker than - 17% in July, - 8% in June, and - 10% in May [3] 3.2.2 First - tier Cities - The week - on - week transaction area of new houses in first - tier cities increased from a decline, with a growth rate of 12%. Shanghai, Shenzhen, and Guangzhou increased by 38%, 17%, and 11% respectively, while Beijing decreased by 15%. Year - on - year, it declined for eleven consecutive weeks, with a decline of 37% this week, and Shenzhen had the largest decline of 55% [4] 3.2.3 Second - tier Cities - The week - on - week transaction area of new houses in second - tier cities increased from a decline, with a growth rate of 7%. Qingdao, Hangzhou, Jinan, and Suzhou increased by 47%, 34%, 25%, and 13% respectively, while Wuhan, Chengdu, and Nanning declined between 5% - 29%. Year - on - year, it declined by 17% [4] 3.2.4 Third - tier Cities - The week - on - week transaction area of new houses in third - tier cities declined by 12%. Ji'an had a large decline of 54%. Year - on - year, it declined by 35% [4] 3.3 Key City Observation 3.3.1 First - tier Cities - For second - hand houses in first - tier cities from August 15 - 21, the week - on - week transaction area increased by 6%, and the year - on - year increased by 8%. For new houses, the week - on - week increased by 12%, and the year - on - year declined by 28% [23][24] 3.3.2 Other Key Cities - In Hangzhou, the week - on - week transaction area of second - hand houses was basically flat, and that of new houses increased by 34%. In Chengdu, the week - on - week transaction area of second - hand houses increased by 20%, and that of new houses decreased by 6% [25] 3.4 Housing Price Observation - From August 11 - 17, the week - on - week listed prices of second - hand houses in Shanghai, Beijing, and Shenzhen decreased by 0.24%, 0.11%, and 0.48% respectively. Compared with the week before the "924" policy last year, they still decreased, with declines of 1.5%, 7.5%, and 6.9% respectively [53]