Mid-finger Research Institute: Second-hand housing transactions in core cities continue to increase in May

According to statistics from the China Index Academy, after entering May, the second-hand housing market in key cities still maintains a high level of activity. From the 1st to the 24th of the month, there were 107,000 transactions of second-hand residential properties in 20 cities, an increase of 19.5% compared to the same period last year, with the increase continuing to expand compared to April. In terms of prices, core cities experienced accelerated declines in the fourth quarter of last year, but Shanghai has seen a consecutive rise in prices from March to April this year, and the price declines in cities such as Beijing and Shenzhen have also significantly narrowed compared to the fourth quarter of last year. The increase in transaction volume, stabilization of listings, and price stabilization occurring simultaneously are important differences between this round of recovery and the "exchanging price for volume" model of last year.