智通财经APP获悉，克而瑞地产研究10月23日发文称，预计整体二手房市场成交规模仍将延续波动走势。 2025年9月二手房市场成交仍处于缓步下行通道，据CRIC监测数据，2025年9月30个重点城市二手房成交环 比下降1%，同比增长9%，增长动能放缓。 京深新增二手挂牌套数同环比双增仅杭州波动下行 为了更好的分析二手房业主心态变化，该机构主力聚焦了北京、上海、深圳、杭州等核心一二线城市，从 CRIC监测的四城新增挂牌套数来看，9月四城挂牌量与8月基本持平，京深同环比齐增，上海同比涨幅超2 成。仅杭州一城同环比齐跌，业主挂牌积极性稳步回落。 (1)北京小于300万元低总价段刚需刚改房源和600-3000万元中高改房源业主挂牌积极性回升，新增挂牌量占 比环比持增，其中100-300万既是新增挂牌量主力，占比超3成，同时增幅在各面积段中也较为显著。 (2)上海、深圳中高改业主较为活跃，9月总价500-600万元和800-3000万元房源占比显著回升的特征；高端房 源占比持稳，波幅较小。 (3)杭州总价600万以内房源占比超8成，不过9月集中度稳步下降，环比跌幅达1.77pcts；而600-800万元和 1000-30 ...

Core Viewpoint - The overall second-hand housing market transaction scale is expected to continue its fluctuating trend, with a gradual decline observed in September 2025 [2][11]. Group 1: Market Trends - In September 2025, the transaction volume of second-hand houses in 30 key cities decreased by 1% month-on-month but increased by 9% year-on-year, indicating a slowdown in growth momentum [2]. - The new listing volume in key cities such as Beijing, Shanghai, and Shenzhen showed a month-on-month increase, while only Hangzhou experienced a decline [4][11]. Group 2: City-Specific Analysis - In September, Beijing and Shenzhen saw an increase in new listings, while Shanghai's year-on-year growth exceeded 20%. In contrast, Hangzhou's new listings fell by 41% year-on-year and 12% month-on-month, reflecting a steady decline in owner listing enthusiasm [4][11]. - The new listing volume in Beijing for properties priced below 300 million yuan and between 600-3000 million yuan showed a recovery in owner listing enthusiasm, with the 100-300 million yuan segment being the main contributor [7]. Group 3: Price Segment Insights - In the price segment analysis, high-priced properties (800-3000 million yuan) in Beijing, Shanghai, and Shenzhen showed increased listing activity, while Hangzhou's listings for properties under 6 million yuan accounted for over 80% but saw a slight decline [8][11]. - The concentration of listings in the 600-800 million yuan and 1000-3000 million yuan segments in Hangzhou increased, indicating a shift in owner behavior towards higher-priced properties [8]. Group 4: Size Segment Insights - The new listing volume in the small (below 70 sqm) and large (above 120 sqm) size segments increased, with notable growth in the 50 sqm and below category in Beijing and the 50-70 sqm category in Shenzhen and Hangzhou [10]. - Large-sized properties (above 140 sqm) in Beijing and Hangzhou also experienced a month-on-month increase, catering to high-end buyer demand [10]. Group 5: Future Market Outlook - The overall second-hand housing market is expected to maintain a fluctuating transaction scale, with high new listing volumes indicating increased supply. However, the traditional peak season in October may divert some high-end demand to new properties with better value [11]. - The transaction cycle may extend if there are no significant price advantages for first-time buyers, leading to potential challenges in inventory clearance for older properties in urban and suburban areas [11].