The increase in second-hand housing sales volume leads the "mini spring" trend in the Shenzhen property market.

The data monitored by Shenzhen Shell Research Institute shows that from March 9th to March 15th, the number of second-hand house signings in Shell's Shenzhen cooperative stores reached a new high in nearly a year. Data from Joy Home also confirms the market's heat: during the same period, the number of signings for second-hand residential properties in Joy Home's Shenzhen stores increased by 33% compared to the previous period, not only surpassing the peak in March 2025, but also reaching the peak level in the fourth quarter after the "929" new policy in 2024; the number of viewings for second-hand houses in that week increased by 11%, indicating a significant increase in market activity. Yan Yuejin, deputy director of the Shanghai E-House Real Estate Research Institute, said that there has been a long period of sufficient adjustment in the prices of second-hand houses, and currently there are positive signals of narrowing price declines and gradually stabilizing. The release of rigid demand for purchasing second-hand houses in Shenzhen has improved market sentiment and also led to a continuous narrowing of the downward space for second-hand house prices.