CRIC: "Quality improvement and quantity reduction" in new housing supply in December + intensified marketing efforts, expecting an "outstanding" closing of transactions.

According to the Wise Financial APP, the research of Ke Rui real estate shows that the supply of new houses in December remained stable at a low level, with a month-on-month decrease of 12% and a year-on-year decrease of 49% in 28 cities. The total year-on-year decrease was 19%, and the supply constraint remains significant. The first-tier cities remained stable month-on-month, with only Beijing showing a significant increase in supply. The year-on-year decline in second-tier cities exceeded 50%, with more declines than increases. Third and fourth-tier cities saw no room for supply reduction, with a significant increase on a low base. From the perspective of supply structure, the proportions of key cities for rigid demand, improvement, and high-end housing were 26%, 56%, and 18% respectively, showing a supply structure dominated by improvement, with rigid demand as a supplement. Nearly 80% of cities rely on the main city as their main supply force. Based on the "improved quality and reduced quantity" in December supply, combined with the year-end push by real estate companies to release discounts, it is expected that there will be a wave of pulse-like recovery in new housing transactions in December. However, due to the high base last year, the year-on-year decline may continue to expand.