二手挂牌 | 11月京深杭等100万-300万元总价段占比上升
克而瑞地产研究·2025-12-18 09:41

Core Viewpoint - The overall second-hand housing market is expected to continue its fluctuating trend in transaction scale, with significant structural differentiation among cities [14]. Group 1: Market Overview - In November 2025, the transaction volume of second-hand houses in 30 key cities increased by 14% month-on-month and 3% year-on-year [2]. - The new listing volume in key cities such as Beijing, Shanghai, Shenzhen, and Hangzhou remained stable, with a slight month-on-month increase of 1% but a year-on-year decrease of 7% [4]. Group 2: City-Specific Trends - Among the four cities, only Beijing saw a month-on-month increase of 9% in new listings, while Shanghai, Shenzhen, and Hangzhou experienced declines [3][4]. - The new listings in the price range of 1 million to 3 million yuan increased, while the 3 million to 6 million yuan segment saw a general decline [4]. Group 3: Price Segment Analysis - In the 1 million to 3 million yuan segment, the listing activity increased significantly, indicating a rising willingness among owners to sell in this price range [4]. - The 600,000 to 800,000 yuan segment in Shanghai showed a slight recovery with a month-on-month increase of 1.12 percentage points [7]. Group 4: Area Segment Analysis - The proportion of new listings in smaller area segments (below 70 square meters) decreased, while larger area segments (70-90 square meters and 120-140 square meters) saw an increase in listing activity [11][12]. - In Beijing and Shenzhen, the increase in listings was particularly notable in the 70-90 square meter range, with both cities showing a month-on-month increase exceeding 1 percentage point [11]. Group 5: Market Sentiment and Future Outlook - The current sentiment among homeowners reflects a tendency to sell at lower prices to increase transaction volume, with a notable shift towards lower price segments and larger area segments [14]. - The overall market is expected to continue experiencing fluctuations, with a slight alleviation of the oversupply situation, but the downward pressure on prices is likely to persist, particularly affecting first-time buyers [14].