二手房挂牌量出现新趋势 北京上海变化显著

Core Viewpoint - The second-hand housing market in major cities, particularly Shanghai and Beijing, is experiencing a significant decline in listing volumes, indicating a shift in market dynamics and potential stabilization in prices [4][5][6]. Group 1: Market Trends - Shanghai's second-hand housing listings have decreased to approximately 336,800 units as of January 27, 2026, marking a continuous decline over four months and returning to levels seen in February 2025 [4]. - The Shanghai Lianjia platform reports a 20% reduction in second-hand housing inventory compared to January 2025, with transaction volumes increasing by 15% month-on-month as of January 20, 2026 [5]. - In Beijing, the second-hand housing listings have dropped from 143,200 units in September 2025 to 125,300 units, reflecting a broader trend of declining new listings across major cities [6]. Group 2: Seller Behavior Changes - Many homeowners are opting to withdraw their listings or convert sales to rentals due to persistent price pressures and market uncertainty, with some reporting that rental yields can reach 3.3% to 3.5% [8][11]. - A notable case involves a homeowner who, after multiple price reductions, chose to withdraw her property from the market, indicating a shift in mindset among sellers who are now more reluctant to sell at lower prices [8][11]. Group 3: Factors Influencing Listing Decline - Analysts attribute the decline in listings to a combination of factors, including a slowdown in new listings and an acceleration in transaction speeds, leading to a gradual consumption of existing inventory [11]. - The market is witnessing a transition where sellers are less willing to accept significant price cuts, suggesting a potential stabilization in housing prices as the downward pressure eases [11][12]. - The overall transaction volume in Shanghai reached a four-year high of 254,000 units in 2025, with expectations for continued strong performance in early 2026, driven by high-value properties entering the market [12].