Core Viewpoint - In July, the second-hand housing market in Wuhan showed signs of stabilization, with over half of the high-frequency trading communities experiencing price stabilization after two months of decline, and the average negotiation space narrowed to 4% [2][4][12] Group 1: Market Performance - The transaction conversion rate for second-hand houses remained high, with over half of the high-frequency communities achieving price stabilization [2] - In July, 51% of high-frequency trading communities saw no month-on-month price decline, an increase of 16 percentage points from the previous month [4] - The average negotiation space for second-hand houses decreased by 2 percentage points to 4%, which is among the lowest in major cities [12] Group 2: Price Trends - Despite the stabilization in transaction prices, 69% of high-frequency trading communities saw a decline in listing prices, with an average decrease of 12.6% over the past year [9][8] - The majority of small communities had price fluctuations within ±5%, with only 9% of communities experiencing a month-on-month price increase exceeding 10% [7] Group 3: Policy and Demand - The Wuhan Housing and Urban Renewal Bureau plans to continue implementing policies tailored to different cities and districts to stimulate housing demand [2][13] - New policies in districts like Qiaokou aim to support housing transactions, including housing exchange programs and subsidies for high-level talent [2] Group 4: Segment Analysis - The main drivers for price stabilization in July were the first-time buyer and improvement communities, with 53% and 51% of their prices rising month-on-month, respectively [17] - High-end communities, however, showed weaker performance, with only 38% experiencing price increases, a decrease of 6 percentage points from the previous month [18]

Core Insights - The Wuhan real estate market shows signs of recovery, with July 2025 second-hand housing transactions reaching 7,605 units, a month-on-month increase of 3.43% and stable compared to the same period last year [1] Group 1: Market Trends - The data indicates a continuation of the recovery trend observed since the second quarter of 2025 [1] - The influx of customers into real estate agencies has increased significantly, with one agency reporting a 55% year-on-year increase in visitor numbers, totaling 45 groups in July [5] - The transaction volume for the agency reached 8 units in July, marking a 200% increase compared to the previous year [5] Group 2: Buyer Preferences - First-time buyers constitute 45% of the market, primarily interested in small to medium-sized units and transportation accessibility [5] - Improvement-oriented buyers focus on larger spaces and community environments, with some prioritizing areas near planned metro lines or commercial centers [5] - The shift in buyer focus from "school district-driven" to "residential attributes" is noted, with increasing confidence among buyers as transportation and commercial facilities improve [6] Group 3: Property Characteristics - The most sought-after properties are those less than 10 years old and conveniently located, which are perceived to offer better quality and comfort [5] - The demand for school district properties has decreased due to policy changes and demographic shifts, leading to increased difficulty in reselling such properties [6] - Areas like Hongshan District and Hanyang District are highlighted for their active transaction volumes, with 100 square meter three-bedroom units near metro lines being the mainstream choice [6]