Visit Beijing's second-hand housing agency stores: the number of listings will increase, and the market will still build a bottom

On June 6, a reporter from China Securities News visited the second-hand housing market in Beijing and found that the number of second-hand housing in many areas of Beijing surged. The reporter saw from the database of Lianjia stores that the real-time data of Beijing's housing listings has reached 3 sets, about 145266,4 sets more than the number of listings during the peak transaction period.

Increase in listings

The reporter visited and found that the intermediary staff of many stores basically guarded the computer in the store and waited for customers to come to the door, and rarely went out to take a look.

"I have been working as a second-hand real estate agency in Beijing for 11 years. Generally speaking, Beijing's second-hand housing listings are relatively normal in the range of 10,11 to 20,6 units, and if they exceed this limit, they are considered unsold. Recently, the transaction volume has dropped significantly, there are more than <> salesmen in our store, and only <> sets were sold in the whole store last month. When the market is good, everyone trades more than one set. Wang Wei (pseudonym), manager of a chain store in Daxing District, told reporters.

Taking a large community next to a subway outside the South Fifth Ring Road as an example, according to an intermediary, there are more than 2000,200 houses in the community, and nearly 70 houses are on sale. At the peak of transactions, there are up to more than <> houses in such communities.

"There have really been more people selling houses recently, mainly two types of customers are selling houses. One is a house exchange customer, and the other is a cash-out customer. In the current market, monetization customers may indeed not be able to sell at a price. For example, the price of houses in Nancheng has basically not changed, and some areas have fallen. The prices of many houses in Dongxicheng, Huilongguan, Xierqi and other areas have increased. Wang Wei told reporters, "But at present, these popular areas are also facing a surge in the number of listings." ”

This statement has also been confirmed by a number of intermediaries in other areas. "The number of listings is up about 3% compared to March. Some house changing customers actively enter the market, after all, if you change houses, you still hope to choose a larger range. First settle the house to buy, how can you sell this set in your hand, it is nothing more than a slightly lower price. If you change houses when the market is hot, it is very likely that the house in your hand will be sold, and you can't grab or choose the apartment type or floor you want to buy. Li Mei (pseudonym), an intermediary in Haidian District, told reporters.

According to Li Mei, there are many listings now, and the current market is small trading volume, large listing volume, and price stagnation or slight decline. Second-hand houses in Beijing are generally stubble by stubble, talk about a batch of sales, and then a batch. At this stage, the number of listings is concentrated, and there are not too many sincere sales, and it will take time to digest. Li Mei said.

The transaction high fell back

According to the statistics of the official website of the Beijing Housing and Construction Commission, as of May 5, 30,5 sets of second-hand housing were signed online in Beijing, down 12117.13% month-on-month and up 0.49% year-on-year (in May last year, the transaction base was low). In April and May, Beijing's second-hand housing market showed a significant decline in high levels.

Maitian real estate analysis believes that the decline in second-hand housing transactions in May belongs to a phased normal correction in demand. In May this year, the transaction volume of second-hand houses was only higher than in 5 in the past five years. However, in the long run, the transaction volume of second-hand housing in Beijing from January to May this year exceeded 5,2022 sets, ranking second only to 1,5 sets in 7 in the past five years, and the overall performance of the market was relatively stable.

In terms of listings, wheat field real estate data showed that the number of listings in May increased by 5.3% month-on-month. Transactions slowed down, and the market was further under pressure.

"In 2023, the Beijing property market also appeared Xiaoyangchun, with the transaction volume of second-hand houses in Beijing reaching 2,1 units in February and more than 5,3 units in March. However, the market then cooled down, falling below 2,4 units in April and May. With the arrival of the low trading season, it is expected that the market volume in June will be lower than in May. Zhang Dawei, chief analyst of Centaline Real Estate, said.

"The market is expected to go through a phased bottoming process in the next month or two. With the gradual completion of the price game between buyers and sellers and the end of the 'sell one, buy one refund and reduce individual tax' policy, many owners will choose to complete the replacement before the end of the year to save the replacement tax, and coupled with the small peak of demand for housing purchases at the end of the year, Beijing's second-hand housing market may usher in a significant tail market at the end of the year. Wheat Field Real Estate analysts told reporters.