In may, 8,734 used rooms were closed in nanjing, a decrease of 10. 3 per cent in the ring, but a slight increase of 2 per cent in the same year, and the average transaction price fell to $22,401/m2. Despite some reversals in the market, the turnover remains high, the share of new home purchases continues to rise and prices have declined for three months in a row。
The market for used houses in nanjing has recently shown a moderate adjustment in prices. According to the data, a total of 8734 second-hand house transactions were concluded throughout the city last month, a decrease of 10. 3 percentage points compared to the previous month, but still a 2 per cent increase compared to the same period last year. It is worth noting that, although this turnover has fallen, it remains at a high level of over 8,500。
On the price side, the average transaction price for second-hand houses across the city fell to $22401/m2, a 4 per cent decline in the ring. This has been the third consecutive month of a downward trend in the price of second-hand houses in nanjing, and the overall price range has been reversed to below $23,000/m2。
The market structure is changing markedly. As seasonal education booms recede, rigid demand buyers are becoming market owners. This group of buyers is more price-sensitive, and the increase in their share has contributed to some downward movement in the overall price centre. The market is now characterized by a "scalable price adjustment", with increased bargaining power and greater bargaining space for buyers and sellers。
In terms of regional distribution, the ratio of trade in peri-urban areas, including sorghum and water, has increased, reflecting the gradual shift of home buyers. While prices in the core regions are still strong, the transaction cycle is significantly longer. Such structural changes will continue to influence future market trends。
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