Core Insights - The overall real estate market in Qingdao experienced a decline in transaction volume during the third week of November, with total transactions falling to 1,847 units, a decrease of 12.1% week-on-week [1] - New housing transactions showed a mixed trend, with new homes sold at 688 units, down 15.3%, while residential sales increased by 3.9% to 566 units, indicating a rise in average price by 6.1% to 16,416 yuan per square meter [2] New Housing Market - The new housing market in Qingdao saw a total of 688 units sold, with residential sales leading at 566 units, reflecting a week-on-week increase of 3.9% [2] - The average price for residential transactions reached 16,416 yuan per square meter, marking a 6.1% increase [2] - Key areas for new housing transactions included the West Coast New Area, Jiaozhou City, and Chengyang District, with significant increases in transaction volume observed in Licang District (103.8%), Laoshan District (54.5%), and Jiaozhou City (50.7%) [2] Second-Hand Housing Market - The second-hand housing market recorded 1,159 transactions, down 10.1% from the previous week, but overall demand remains stable [6] - The West Coast New Area, Shibei District, and Chengyang District continued to be hotspots for second-hand housing transactions, with 307, 184, and 171 units sold respectively [6] - Notable increases in transaction volume were seen in Laixi City (40.6%) and Jimo District (8.8%), while Licang District (-31.5%) and Pingdu City (-35.7%) experienced significant declines [6] Market Trends - The top ten residential projects sold during the week were primarily located in suburban areas, with the leading project, Huayangnian Biyunwan in Jiaozhou City, selling 41 units [4] - The market is showing a diverse demand structure, with transactions ranging from compact units under 100 square meters to high-end products over 240 square meters, indicating a balance between first-time buyers and those seeking improved living conditions [4] - The most sought-after properties included Luxin Changchun Garden, Vanke Future City, and Shanhai Bay, highlighting the preference for well-equipped and conveniently located areas [6]