Vice President of the Shanghai E-House Real Estate Research Institute: The second-hand housing market in first-tier cities will gradually transition from "exchange of price for quantity" to a new stage of "quantity stabilization and price stabilization."

Shanghai E-house Real Estate Research Institute Vice President Yan Yuejin believes that the secondary housing market in first-tier cities will gradually move from "trading volume for price" to a new stage of "stable quantity and price", and the positive trend in the market will continue in 2026.