Shanghai's second-hand housing transaction volume is directly approaching the level of the previous bull market, with Shanghai's property market sprinting past the 30,000 unit mark.

Since March, the second-hand housing market in Shanghai has been heating up continuously, and the transaction volume is approaching a key threshold. According to data from "Online Real Estate", as of March 22nd, the total number of second-hand housing transactions in the city has reached 21,443 sets, with a daily average of nearly a thousand sets. With the combined effects of policy relaxation and the traditional peak sales season in Spring and Autumn, the weekly transaction volume has reached a new high since 2021, with single-day online signings breaking through 1,400 sets multiple times on weekends, indicating a significant increase in market activity. The industry generally regards a monthly transaction volume of 20,000 sets as the "life and death line" of the market, and 30,000 sets means entering a clearly active range. With the current transaction pace, the Shanghai second-hand housing market is once again challenging the "30,000 set mark" after several years, which not only becomes the core suspense of the market's attention, but also an important indicator of whether the real estate market confidence can truly be repaired. Behind the surge in transactions, prices have not yet shown a synchronous increase, but the bargaining space has significantly narrowed, with some landlords expecting higher prices, and sporadic occurrences of "price jumps". "It is quite hopeful that the second-hand housing transaction volume will exceed 30,000 sets in March this year, but we still need to look at the data for the next week, especially this weekend. If the daily transaction volume can remain at 1,400 sets on Saturday and Sunday, then it is truly possible to exceed 30,000 sets, which will also mean a significant reversal in market sentiment," said Lu Wenxi, a senior analyst at Shanghai Centaline Property.