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zhitong finance app learned that cric real estate research released a report saying that the scale of new home transactions fell slightly from august, but was significantly lower than the same period last year. in the first 12 days of september, 30 key cities had a total transaction volume of 2.95 million square meters, a decrease of 6% from the first 12 days of august and a decrease of 18% from september 1 to 12 last year. the decline in first-tier cities was the most obvious, with transactions in beijing and shenzhen showing weakness, almost halved from the same period in august. transactions in second-tier cities remained generally stable, with improvements in ningbo and changsha, but transactions in hangzhou and wuhan continued to decline. under the low base effect, transactions in third- and fourth-tier cities increased by 19% month-on-month and only fell by 1% year-on-year. foshan and huizhou performed relatively well, with both year-on-year and month-on-month increases.

in september, weekly new home sales fell 20% from the weekly average for the year.in the 35th week (august 26-september 1), the new home transaction area in 30 key cities totaled 2.24 million square meters, a 4% increase from the previous week due to the month-end rush. however, in the 36th week (september 2-september 8), the transaction volume fell by 24% from the previous week to 1.71 million square meters. the transaction area in the 37th week (september 9-september 15) is expected to be 1.74 million square meters, a slight increase of 2% from the previous week. the average weekly transaction area in the 36th and 37th weeks was about 22% lower than the weekly average of the year.

the sales rate of newly launched projects fluctuated at a low level of around 30%. the average sales rate in the 36th week was about 28%, a further decrease of 9 percentage points from the previous week. in terms of cities, most of the projects launched in beijing, suzhou and hangzhou are located in the suburbs, and the overall sales rate of newly launched projects has dropped significantly. only 9% of the single projects in beijing were sold, and only 14% in suzhou. hangzhou also fell from a relatively high level to 34%.

second-hand transaction volume fell by 4% on a weekly basis and 11% on a weekly basis. beijing, shenzhen, and nanjing remained strong, while dongguan and lianyungang weakened significantly.

second-hand housing transactions remained stable with a slight decline on a month-on-month basis.in the first 12 days of september, the total transaction volume of second-hand houses in 15 key monitored cities was 2.46 million square meters, down 4% from the first 12 days of august and up 31% year-on-year. transactions in beijing and shenzhen remained resilient, with a steady increase month-on-month. on the other hand, hangzhou and suzhou gradually showed signs of decline, with transactions falling month-on-month, while transactions in dongguan and dalian were even more obviously poor, with the largest month-on-month decline. year-on-year, the transaction scale of 80% of cities was higher than the same period last year, and shenzhen and other cities maintained a doubling.

the transaction volume of second-hand houses in the past two weeks has dropped by 11% compared with the weekly average of the year.in the 36th week (september 2-september 7), the second-hand housing transaction area in 15 key monitored cities was 1.368 million square meters, a decrease of 7% from the previous month, and the year-on-year growth rate narrowed to 12%. in the 37th week (september 8-september 15), the second-hand housing transaction area in 15 key monitored cities is expected to be 1.431 million square meters, a month-on-month increase of 5% and a year-on-year increase of 14%. the average weekly transaction in the 36th and 37th weeks decreased by about 11% compared with the weekly average of the year.

to sum up, in the first half of september, the performance of new and second-hand housing transactions in key cities continued to weaken month-on-month. the total transaction volume of new homes in 30 cities decreased by 6% compared with the same period in august, and the total transaction volume of second-hand homes decreased by about 4%. the transaction volume of new homes decreased by 18% year-on-year, while the transaction volume of second-hand homes was relatively strong, increasing by 31% year-on-year.

predicting the future market, considering factors such as the concentrated filing of performance sprint in the second half of the month,the transaction volume of first-hand and second-hand houses in september is expected to exceed that in august.however, the background of weakening policy benefits and lack of confidence among homebuyers remains unchanged, coupled with insufficient supply and insufficient market enthusiasm for launching new properties, the growth in transaction volume may be very limited. compared with the same period last year, it is expected that new home transactions will continue to decline, with a drop of about 10%. the scale of second-hand housing is slightly higher than the same period last year, and the growth rate continues to narrow.