The listing volume of second-hand houses in Beijing and Shanghai has simultaneously declined.

With the continuous warming of the second-hand housing market in core cities, the listing volume of second-hand houses in some cities is quietly decreasing. Taking Shanghai as an example, with the slowdown of new listing volume and faster transaction speed, the overall listing volume of second-hand houses in Shanghai has basically returned to the level of February last year, and the previously accumulated inventory is gradually being digested. Lianjia Shanghai stated that the listing volume of second-hand housing inventory on their platform has decreased for nine consecutive months. "Although different agencies may have slightly different absolute value statistics for 'net decrease', everyone has reached a consensus on the 'downward trend in listing volume'," said Lu Wenxi, a senior analyst at Shanghai Zhongyuan Real Estate. After experiencing years of price bargaining, more and more landlords are refusing to continue "selling at low prices", either withdrawing their listings or shifting from selling to renting. These changes in mentality and behavior are gradually changing the supply-demand relationship and price trend of the second-hand housing market.