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1. second-hand housing transaction volume decreased in august but still remained at a relatively high level this year

according to the statistics of shenzhen real estate association, the city recorded 4,671 second-hand houses in august 2024, a decrease of 13.2% from the previous month and an increase of 50.0% from the previous year. as the effects of real estate policies weakened and some potential consumers entered the market during the policy effect "cycle", combined with the traditional off-season, the second-hand housing transaction volume in august eventually fell to a certain extent, but from the absolute value of the second-hand housing transaction volume in august, more than 4,500 units were still at a relatively "high" level for the year.

in august 2024, a total of 2,865 new homes were sold in the city, down 5.1% from the previous month and up 10.1% from the previous year. among them, 2,537 new residential homes were sold, down 3.0% from the previous month and up 15.4% from the previous year. the new home market continued to decline slightly, but its transaction volume increased to a certain extent compared with the same period last year.

as of september 1, 2024, according to the statistics of the number of second-hand houses for sale publicly available on the shenzhen real estate information platform, there are 63,715 second-hand houses for sale in the city, an increase of 782 houses compared to the 62,933 houses for sale counted on august 1 (as shown below), a month-on-month increase of 1.2%. although the sales volume of second-hand houses fluctuated within the month, the overall sales volume of second-hand houses in the current market continued to grow slightly over a longer time axis.

according to statistics, in august, houses with an area of ​​less than 90 square meters accounted for 59.7% of the total market transactions, up 2.0 percentage points from the previous month. the overall trend showed a fluctuating trend, indicating that the game of rigid demand and wait-and-see coexist.

according to continuous data monitoring, there was a certain differentiation in market regional transactions in august. among them, the transaction share of futian district increased by 1.7 percentage points compared with the previous month, and the transaction share of longgang district, where rigid demand is more concentrated, increased by 1.3 percentage points compared with the previous month.

according to statistics, the transaction proportion of second-hand residential houses fell slightly. in august, the recorded volume of second-hand residential houses accounted for 84.1%, down 0.2 percentage points from the previous month.

whether it is the various rumors about "five changes to two" and "complete cancellation of purchase restrictions" that are spreading in the market, or the growing calls for a unified reduction in "existing mortgage interest rates" at the national level, it fully demonstrates that the current market has high expectations for policies under the background of "golden september and silver october".

as we all know, the second-hand housing market, which seems to be "steadily recovering" this year, is largely due to the fact that the concessions made by owners on prices have changed dramatically compared to last year, in addition to the continuous support of favorable policies. "price for volume" has become the fundamental reason for the current relatively "high" monthly performance of the second-hand housing market. according to the daily visits and communication feedback from brokerage agencies, since august, the intensity and strength of market competition have been significantly stronger than in the first half of the year, and the "concessions" of owners' prices have tended to intensify further. the current "stable" basic foundation of the second-hand housing market is still not solid. it is also based on this analysis and judgment that as the market enters the traditional sales season, "golden september and silver october" is the key time period for the second half of the property market, and it is expected that policy support may be superimposed in these two months.