Shanghai's weekly transactions of second-hand homes reach a new high since 2021, with nearly 20,000 units sold in March alone.

Viewpoint Network News: On March 22, Shanghai Online Real Estate data showed that from March 9 to March 15, 7,233 second-hand homes were sold, a 27% increase compared to the previous week, setting a weekly transaction high since 2021. On March 14 alone, 1,472 units were sold, the second-highest daily transaction in nearly a year.

As of March 18, Shanghai’s total second-hand home transactions for March reached approximately 16,700 units, with an average of over 920 units per day. According to the Shanghai Lianjia Research Institute, compared to the same period last year, Shanghai’s second-hand home transactions have increased by 15%. Additionally, as of March 21, the city has sold a total of 20,061 second-hand homes this month, with an average of 955 units per day, significantly higher than the average daily level in February.

Data indicates that active transaction areas are concentrated in core districts such as Huangpu, Changning, and Xuhui, as well as in suburban Lingang New City and surrounding areas like Zhuaqiao, Wanxiang, and Xinchang. Market analysis suggests that under the continued effect of the “Seven Policies” for Shanghai’s real estate market, the city is showing a trend of “increased volume and stable prices.”

Disclaimer: The content and data in this article are compiled by Viewpoint based on publicly available information and do not constitute investment advice. Please verify before use.