学区房交易旺季来临，刚需买家撑起北京楼市“小阳春”

Core Viewpoint - The Beijing second-hand housing market is experiencing a "small spring" revival in early 2026, indicated by increased transaction volumes and price stabilization after a prolonged period of stagnation [3][7][8]. Group 1: Market Activity - In the first two months of 2026, the net signing of second-hand residential properties in Beijing exceeded 23,000 units, surpassing the average of 21,000 units for the same period over the past decade [3][7]. - As of March 22, 2026, the net signing volume reached 12,182 units, exceeding the total for February [3][7]. - A real estate agent noted a significant increase in transaction activity, particularly in school district properties, with some units selling within two days [6][10]. Group 2: Price Trends - The price of second-hand homes in Beijing has shown signs of stabilization, with a reported average increase of nearly 100,000 yuan since the beginning of the year, and a 2.4% increase in the first two months [8][9]. - The number of cities with rising second-hand home prices has increased, with Beijing being one of the few cities where both new and second-hand home prices have risen [8][9]. - The current market conditions indicate a shift from a previous high inventory of listings to a more balanced supply, which is contributing to price stabilization [9][15]. Group 3: Buyer Demographics - The primary buyers in the Beijing second-hand housing market are those looking for properties priced below 3 million yuan, which account for approximately 70% of transactions [11][12]. - The proportion of transactions for homes priced below 2 million yuan has increased significantly, indicating a growing demand from first-time buyers [11][12]. - Recent policy changes have made it easier for first-time buyers to enter the market, further driving demand for second-hand homes [12][13]. Group 4: Future Outlook - The sustainability of the current "small spring" market is contingent on the trend of new listings; a reduction in listings could maintain market heat and stabilize prices [15][16]. - Analysts suggest that the revival in Beijing's market may signal a broader recovery across other cities in China, as many regions have experienced significant price corrections [16].