The government took the lead in "raising prices to buy old houses", and the transaction volume of second-hand houses in Ningbo soared by 132%.

With the first-tier cities leading the way in the rebound of the real estate market, market sentiment is gradually spreading to the second-tier cities. Recently, there have been signs of "stabilizing after a decline" in many real estate markets, with Ningbo performing particularly well among the second-tier cities. Since March, both new and second-hand housing transactions in Ningbo have seen a significant increase. Public data from the Ningbo Housing and Urban-Rural Development Bureau shows that as of March 23rd, the volume of newly built commercial housing and second-hand housing transactions in Ningbo increased by 88% and 132% respectively compared to the previous month, indicating a significant increase in market activity. Among them, the performance of the second-hand housing market is particularly impressive. According to daily published data on the transaction of existing houses by the local housing and construction bureau website, as of March 26th, the number of second-hand housing transactions in Ningbo this month has exceeded 5400 units. Starting from mid-March, the daily number of second-hand housing transactions in Ningbo has significantly increased, with an average of over 300 units per day on working days. A local second-hand housing broker told reporters that generally speaking, a monthly transaction volume of 5000 units for second-hand housing is considered the threshold for the Ningbo market, and this month there is a high probability that the transaction volume will exceed 6000 units, indicating a clear turnaround in the market.