Ke Rui: In November, the second-hand property transactions in Beijing, Shanghai, and Shenzhen are still in a downward cycle. The trend of "trading volume for price" continues in the short term.

According to the Zhitong Finance and Economics app, Ke Rui Real Estate Research indicates that in the prediction of the future market, the second-hand housing transactions in Beijing, Shanghai, and Shenzhen are still in a downward cycle in November. In the short term, the trend of "quantity for price" continues, and whether medium and high-end renovation communities can increase sales volume mainly depends on the impact of new listing quantities and the entry of high-quality products in the new housing market. Currently, affordable housing units are still price-oriented. At present, as the second-hand housing market gradually transitions to a buyer's market, home buyers tend to consider factors such as the location, supporting facilities, and prices of the community when choosing a community with high cost-effectiveness, which will further extend the transaction cycle.