8月，重点四城二手房新增挂牌量呈现季节性回升，但城市间分化显著。 ◎ 文/俞倩倩 8月以来重点城市二手房成交仍处于缓步下行通道，据CRIC监测数据，8月30个重点城市二手房成交面积环比降9%，同比持平，增 长动能放缓。究竟当前二手房业主挂牌积极性如何？热点城市中新增挂牌房源有存在哪些结构性分化特征呢？ 京沪深8月新增二手挂牌套数同环比齐增 沪深同比涨幅超5成 01 为了更好的分析二手房业主心态变化，我们主力聚焦了北京、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，8月四城挂牌量季节性回升，京沪深同环比齐增，沪深同比涨幅均在5成以上。仅杭州一城同环比齐跌，业主挂牌积极性稳 步回落。 | 城市 | 8月 | 环比 | 同比 | | --- | --- | --- | --- | | 北京 | 17959 | 7% | 33% | | 上海 | 15534 | 16% | 21% | | 深圳 | 68865 | 7% | d4% | | 杭州 | 6801 | -3% | -28% | | | | 100万元 | 100-300 | 300-500 | 4/2017 . TTA . s ...

Core Viewpoint - The high-end real estate market in Beijing, Shanghai, and Shenzhen is expected to experience a steady decline in heat, driven by increased supply and competition from new high-quality properties in the new housing market [15]. Group 1: Market Trends - In July 2025, the second-hand housing market continued to show a gradual decline, with a 14% month-on-month decrease and a 9% year-on-year decrease in transaction volume across 30 key cities [2]. - The new listing volume in key cities such as Beijing, Shanghai, Shenzhen, and Hangzhou showed a seasonal decline in July, with only Shanghai maintaining the same level as the previous month [3][4]. - The overall new listing volume in July 2025 for Beijing, Shanghai, and Shenzhen was significantly higher than the same period last year, with year-on-year increases exceeding 20% [4]. Group 2: Listing Structure - The listing activity in the mid-price segment (300-800 million) has decreased, while the low-end (below 300 million) and high-end (above 600 million) segments have seen an increase in listing activity [6][7]. - In Beijing, the proportion of listings in the 300-500 million range dropped by 0.98 percentage points, while the lower and higher price segments saw increases of 0.42 and 0.63 percentage points, respectively [6][7]. - In Hangzhou, the high-end listings (above 600 million) have shown a structural increase, with the proportion of listings in the 100-300 million range declining by 1.06 percentage points [10]. Group 3: Area Segment Changes - The most significant increases in listing proportions were observed in smaller area segments, particularly in Beijing (below 70 sqm), Shanghai (50-90 sqm), and Shenzhen (50-70 sqm) [8]. - Larger area segments (above 140 sqm) also showed a steady increase in listing proportions, with notable rises in Beijing (140-160 sqm), Shanghai (above 140 sqm), and Shenzhen (above 160 sqm) [8][13]. Group 4: Market Outlook - The current changes in listing behavior among homeowners in different cities suggest a mixed market outlook, with both pressures and opportunities present [15]. - The high-end market in Beijing, Shanghai, and Shenzhen is likely to face steady declines due to increased supply and competition from new high-quality products, while the performance of the entry-level market will depend on the willingness of homeowners to reduce prices [15].