Market overview, february 2026
In february, the total market turnover was 11,000 units, affected by spring holidays, and the turnover ratio declined, but the daily turnover was robust and the market was resilient; after the spring, policy incentives were used to boost market confidence and both supply and demand were expected to increase. In terms of supply and demand, while affected by springtime, the overall stability of demand among market clients provides a strong backstop for later “sun spring”。
In february, the new house market in shanghai was timidly influenced by spring holidays + the traditional light season + the housing drive, with the overall situation of “weak supply and demand” after spring, which was stimulated by the new deal and accelerated the pace of trade。
The policy of the month and the hot spots
City policy
The five departments of the shanghai city jointly issued the circular on further optimizing the real estate policy of the city (“article 7”), effective 26 february 2026。
Urban planning and development
In february 2026, 5037 persons were settled. Of this total, 2,562 people were recruited, representing 50. 9 per cent of the total number of new households; 2475 were transferred, representing 49. 1 per cent of the total number of new households。
The used room market
I. Volume price trends
In february, a second-hand set of 11,000 units was closed, affected by spring holidays, the turnover ratio fell, and the day after the leave was eliminated was stable and the market was resilient。
An average of 42. 4 days in february, with an increase in the trade-off ratio within 60 days, over 80 clients were able to deal within 90 days, and client sentiment was reduced; an average of 102. 2 days in february, with an increase in the trade-off ratio of six months or more, and excessive long-listed stocks were gradually being depleted; overall, market confidence was gradually restored。
Ii. Structure of the deal
Compared to the last three months, 300-800 w, 1,200 w or more; inner-ring, medium-ring to outer-ring; 60-90 and above-altitude; 10-15 years of increased turnover in the housing stock; current market demand is strong and demand is improving, and the total value below 500 w is increasing steadily, to a total of over 80 per cent (excluding the office of the deputy of the family)。
From the administrative point of view, in comparison with the last three months, there has been a marked increase in the percentage of transactions in the central districts of jingan, huangura and ning, while, at the same time, under the influence of the new deal, the percentage of transactions has risen in the outer suburbs where the five new towns are located。
Stimulated by the new deal, the five new cities recovered in february, the continued release of rigid demand, the re-qualification of houses and the lowering of the purchase threshold, providing a solid basis for regional transactions。
“small” engagements: compared to january, the “small” engagements fluctuated, while the “small” engagements continued to fall. (note: “old and small” housing is limited to less than 70 m2 and more than 20 years old)
Market supply and demand
In february, 11,600 new cards and 107. 7 million new clients
As a result of the spring festival, new houses and customers have returned, and the room ratio has decreased, contributing to the march sun。
Incentived by the policy, the supply side is expected to increase slightly, while the rate of exchange during the spring season is reduced, with a slight increase in stock of 1,236 units in february
The proportion of exterior inventory has continued to climb, and external de-escalation pressure remains high。
New house market
Netmark price
(a) volume: in february, the supply of 338 new housing units, 1,200 on-line, was carefully influenced by spring holidays + traditional rest periods + the housing drive, with only five projects on the market and the overall supply and demand weakness of the new building in shanghai
Price: netting averaged $72337/m2 in february。
The short-term valley, which was double-pressed by “leave + supply” in january and february, was removed from the holiday, and the daily bargain remained in a reasonable zone。
February hot plate
Deal block top10
I'll take it
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