Ke Rui: It is expected that the overall second-hand housing market heat will continue to decline further.

According to the Wisdom Financial APP, Ke Rui Real Estate Research has stated that since August, the second-hand housing transactions in key cities are still in a slow downward trend. According to CRIC monitoring data, in August, the transaction area of second-hand houses in 30 key cities decreased by 9% month-on-month, while it remained flat year-on-year, indicating a slowdown in growth momentum. In forecasting the future market, the institution believes that the overall heat of the second-hand housing market will continue to decline, stabilizing at a low level. On one hand, there is an increase in the number of listings, leading to an increase in supply; on the other hand, with the traditional marketing peak season in September, the high-quality products from new projects with high house rates will enter the market, diverting some demand from high-end customers. As for the demand for affordable homes, it mainly depends on the extent of discounts offered by the homeowners. Given the large number of listings, if there is no significant price advantage, the transaction period may be further extended, causing considerable pressure on the clearance of old small houses in urban and suburban areas.