据数据统计，截至11月底，合肥二手房市场交出了一份让人亮眼的答卷，前11个月，合肥二手房在以价换量的加持下成交了5.6万套房源，保持着较高的 市场活跃度。 NO.1|壹 以价换量，前11个月合肥二手房成交5.6万套 近年来房地产市场进入深度调整，但对合肥二手房市场来说依然保持着较高的活跃度。从近一年合肥二手房成交情况来看，成交量方面，数据呈现出波动 中保持相对活跃的态势。2024年12月达到阶段性高点6234套后，2025年初受春节等因素影响出现回落，但3月迅速反弹至6517套，之后基本维持在每月 4500-6000套区间。 截至2025年11月，合肥当年二手房成交量累计约5.6万套，这一数据表明，市场仍然保持着相当较高的流动性，市场依然保持着较高的需求。 再来看下二手房价格，近一年合肥二手房价格几乎每月都在下滑，从2024年11月的1.57万/㎡开始，到2025年11月已跌至1.13万/㎡，累计跌幅高达28%。 特别是2025年6月以后，价格下跌速度明显加快，从1.35万/㎡跌至11月的1.13万/㎡，仅用5个月时间就下跌了16.3%。 另外，根据国家统计局发布的数据显示，合肥二手房已经连续31个月价格持续 ...

Core Viewpoint - The report from the National Bureau of Statistics indicates a mixed performance in the real estate market of Hefei, with new home prices showing slight recovery while second-hand home prices continue to face downward pressure [1][6]. Group 1: Hefei Real Estate Market Performance - In October, Hefei's new home prices increased by 0.1% month-on-month and 0.4% year-on-year, marking the first positive year-on-year growth in recent times [1][6]. - The second-hand home market in Hefei saw a month-on-month decline of 0.7% and a year-on-year drop of 6.5%, indicating ongoing challenges [1][6]. - Overall, the Hefei real estate market is experiencing a structural differentiation trend, with new homes stabilizing while second-hand homes are still adjusting [2][6]. Group 2: Trends in Other Cities - As of November 11, several cities have reported significant increases in second-hand home transaction volumes, with Beijing seeing a 143% month-on-month increase [6]. - Other cities like Shanghai and Xiamen also reported substantial increases of 98% in second-hand home transactions, indicating a broader market recovery [6]. - The overall market activity is gaining attention from various media outlets, highlighting a resurgence in real estate transactions across multiple cities [6]. Group 3: Price Adjustments in Hefei - There has been a noticeable increase in the number of "price-increasing listings" in Hefei's second-hand home market, with some sellers raising their asking prices [12]. - Specific properties in Hefei have seen significant price hikes overnight, with increases ranging from 15 million to 122 million yuan for various units [13].

Core Viewpoint - The recent interest rate cuts by the Federal Reserve and subsequent monetary easing measures in China are expected to positively impact the second-hand housing market in Hefei, leading to a potential stabilization and recovery in property prices [2][9]. External Policy Support - The Federal Reserve's interest rate cut has narrowed the interest rate differential between China and the U.S., providing an opportunity for international capital to reallocate towards Hefei's real estate market, which is seen as a promising investment destination [2][3]. - The expectation of a weaker U.S. dollar and stronger Chinese yuan may attract overseas investors to Hefei's real estate, particularly in core areas like the Government Affairs District and Binhu District, enhancing market confidence [2][3]. Domestic Interest Rate Dynamics - The anticipated decline in domestic mortgage rates, particularly the Loan Prime Rate (LPR) potentially dropping to the 2%-3% range, is expected to stimulate demand in the second-hand housing market [3][4]. - For buyers, a reduction in mortgage rates from 3% to 2.5% could lower monthly payments significantly, making home purchases more affordable and encouraging entry into the market [3][4]. Market Fundamentals - Hefei's strong urban fundamentals, including continuous population inflow and persistent housing demand, particularly in well-developed districts, are crucial for supporting the second-hand housing market [5][9]. - Unlike third and fourth-tier cities facing high inventory pressures, Hefei's market is experiencing a temporary emotional downturn, with core areas likely to see price stabilization and potential recovery as demand is activated by lower interest rates [5][9]. Practical Guidance for Buyers and Sellers - For first-time buyers, the current environment presents a favorable opportunity to purchase homes at lower costs, with ample listings available [7][10]. - Sellers in non-core areas should consider selling during this window of opportunity to avoid further losses, while those in prime locations may benefit from waiting for a more stable market next year [7][10]. Conclusion - The Hefei second-hand housing market is showing signs of stabilization due to external and internal factors, but a full recovery will require patience and monitoring of economic fundamentals and policy implementations [8][9].

Group 1 - The core viewpoint indicates that new home prices in Hefei have been rising for three consecutive months, while second-hand home prices have returned to 2018 levels [2][9] - In April, the new home price index in Hefei increased by 0.3% month-on-month, with year-on-year declines narrowing from 5.9% in January to 3.9% in April [2] - Second-hand home prices decreased by 0.3% month-on-month in April, with a year-on-year decline of 7.4%, down from 10% in October 2024 [2][9] Group 2 - From January to April, the total area of new residential transactions in Hefei reached 1.012 million square meters, representing a year-on-year increase of 50.7% [3] - The introduction of new regulations has improved the usable area of new projects by over 12%, making them more attractive compared to older projects [3] - The market is experiencing a shift where investment buyers are decreasing, and the focus is shifting towards self-use purchases driven by family needs [4][5] Group 3 - The market is sensitive to pricing, with a notable threshold at 4 million yuan, beyond which sales slow down significantly [5] - The demand for second-hand homes is primarily driven by self-use needs, with over 60% of transactions involving homes under 100 square meters [9][10] - The overall sentiment in the market indicates that while second-hand home transactions have decreased, the absolute transaction volume remains high, suggesting ongoing demand [10]