Core Insights - The second-hand housing market in Foshan has seen a significant surge, with the number of listings exceeding 130,000, marking an increase of over 15,000 compared to the previous year [2][8] - In May alone, nearly 9,200 properties were listed, averaging close to 300 new listings per day [2][8] - The increase in listings is attributed to a combination of factors, including a strong demand for upgrading homes and the introduction of new housing regulations that have made newer properties more appealing [20][26] Listing Trends - The current number of second-hand listings stands at 131,772, with approximately 40,000 of these not visible on public platforms due to incomplete documentation [6][8] - The second-hand housing listings in Foshan experienced explosive growth in 2022, jumping from 69,000 to over 100,000 within a year [8][11] - The most active areas for listings include Nanhai, Shunde, and Chancheng, with Nanhai alone accounting for 34,000 listings [12][13] Property Characteristics - The majority of listings are for properties sized between 80-100 square meters, totaling 30,811 units, which represents 33.8% of the total listings [15] - Properties less than 20 years old make up the largest segment of listings, with 39,730 units, accounting for 30.2% [16] Market Dynamics - Despite the surge in listings, the market is showing signs of recovery, with the average transaction price for second-hand homes in May rising to 11,100 yuan per square meter, a 1.8% increase from the previous month [27][29] - The number of transactions also increased, with 1,540 second-hand homes sold in May, reflecting a 9.1% month-on-month rise [29] - Buyer interest is growing, with nearly 29,890 viewings recorded in May, a 9.4% increase from the previous month [30]