Daily turnover of Shanghai property market

Friday, June 14, 2024.

● The turnover of second-hand housing in Shanghai is 1059 sets, with a turnover area of 88555.73 ㎡. 11200 sets have been sold in 6.1-6.14, with a daily average of 800 sets.

● 367178 second-hand houses were listed in Shanghai, covering an area of 31879900 square meters, 172 more than yesterday, and 1244 fewer than yesterday.

(The actual listed quantity is about half of the listed quantity: about 183000 sets)

● 115000 units were listed on the green leather in Shanghai (the sum of the number of units listed in each area of the map), with an average price of 62100/m2, 1234 units were newly listed, 1846 units were reduced, and 6164 people were seen.

● The total number of first-hand ordinary residences in Shanghai: 12722 sets can be sold, covering an area of 1017900 ㎡, 13728 sets have been sold, covering an area of 1207200 ㎡.

● 462 sets up from the average 597 sets on Friday, May 24

● 475 sets more than the average 584 sets from January to May in 24 years

Comments: Although the turnover of second-hand houses broke a thousand on Friday, it was too late to arrive. The opening of restrictions on purchase in Shanghai's property market was not only good on the turnover data of second-hand houses published every day, but also significantly increased the number of offline intermediaries, the reception of new property sales offices, and the flow of people who transferred property in the real estate trading center.

There is no doubt about the effect of the opening up and purchase restriction. After the 517 New Deal, the average daily turnover of new houses in Shanghai exceeded 300 sets. Compared with the performance of second-hand houses, it is not outstanding. The average daily turnover of second-hand houses reached more than 800 sets, which has not been seen for some time.

Personally, I think the most obvious impact of the 517 New Deal is the second-hand houses below 5 million, that is, the old broken small houses in the outer ring are the main force of transactions. It is likely that the new deal has opened the purchase restriction for non local singles to the outer ring and only needs three years of social security. In addition to the expanding source of old for new houses, the old broken small customers have a high willingness to replace.

In this way, it is natural to achieve the current effect under the "combination of inside and outside". However, the number of listed houses and the number of houses with reduced prices still haven't decreased. After reading a lot of old and small deal information, the basic listing price is around 10% off, or at the stage of price for volume, will these landlords who sell old and small houses replace their houses? Or holding coins? We will continue to observe.