Core Insights - The Wuhan real estate market is showing signs of recovery, characterized by an increase in transaction volume despite a decrease in prices for new and second-hand homes [2][3] - New housing sales prices decreased by 5.0% year-on-year, while second-hand housing prices fell by 7.3%, but the rate of decline is narrowing, indicating a potential stabilization [2] - The market is experiencing a shift in demand from new homes to second-hand homes, with a notable trend of "selling old to buy new" among upgrade buyers [2] Market Performance - In April, new residential sales (excluding affordable housing) reached 3,500 units, a year-on-year increase of 2.3%, while second-hand home transactions totaled 9,700 units, up 6.4% year-on-year [2] - Core areas are seeing price stabilization for quality properties, with some new listings in districts like Jiang'an and Wuchang showing price recovery [2] Policy Impact - The Wuhan government has implemented over ten policies since late last year, including dynamic adjustments to mortgage rates and increased housing loan limits, which have effectively activated pent-up demand [2] - The recent issuance of a notification by the Wuhan Housing and Urban Renewal Bureau aims to provide more convenience and benefits for homebuyers, addressing various aspects such as housing loans and support for families with multiple children [3] Emerging Trends - The popularity of "fourth-generation" residential projects, characterized by smart home features and high usable space, reflects a shift in buyer preferences and is driving market activity [3] - With the implementation of the "old-for-new" policy and accelerated construction of affordable rental housing, the supply-demand imbalance in the market is expected to ease further [3]