Analysts say that the number of second-hand houses listed for sale is experiencing a downward trend.

As the second-hand housing market in core cities continues to warm up, the listing volume of second-hand houses in some cities is quietly decreasing. Taking Shanghai as an example, with the slowdown in new listing volume and faster transaction speed, the overall listing volume of second-hand houses in Shanghai has basically returned to the level of February last year, and the inventory accumulated earlier is gradually being digested. Lianjia in Shanghai stated that the listing volume of second-hand housing inventory on their platform has been continuously decreasing for 9 months. "Although different agencies have slightly different absolute value statistics for 'net decrease', there is a consensus that 'listing volume is experiencing a downward trend'," said Lu Wenxi, a senior analyst at Shanghai Zhongyuan Real Estate. After years of price games, more and more landlords are starting to refuse to continue "bargaining for lower prices" and are either delisting or switching from selling to renting. These changes in mentality and behavior are changing the supply and demand relationship and price trends of the second-hand housing market.