Shanghai's second-hand housing market recorded 1585 transactions in a single day, reaching a new high in nearly 5 years. Industry insiders believe that the market is clearly warming up.

Monitoring data from Anjuke in Shanghai shows that on March 28th, the daily transaction volume of second-hand houses in Shanghai reached 1585 units, not only breaking the record for the single-day transaction volume within the year, but also surpassing the previous peak of 1473 units on March 15, 2025, setting a new historical high for daily transactions of second-hand houses in Shanghai in nearly 5 years. Faced with the continued high transaction pace, industry insiders have given an optimistic forecast for the full-month transaction data in March. Zhang Bo, the director of the 58 Anjuke Research Institute, predicted that the transaction volume of second-hand houses in Shanghai in March is expected to surpass 30,000 units. If the monthly transaction volume reaches 30,000 units, it will reach the level of the same period in 2021, which was the tail end of the bull market in Shanghai's property market. However, he believes that looking at the monthly level alone is not enough to determine the market trend, and one also needs to look at the transaction volume and prices in the following 2-3 months. The industry generally considers 20,000 units per month as the "threshold" for the Shanghai second-hand housing market, with 30,000 units marking the boundary between an active market cycle.