The number of second-hand residential properties listed in Guangzhou has been declining for 7 consecutive months.

On May 26, the city of Guangzhou held a press conference on a series of supporting documents for the implementation of the "Opinions on Further Promoting the Stable and Healthy Development of the Real Estate Market." Deputy Secretary-General of the Guangzhou Municipal Government, Huang Guanglie, introduced that since the beginning of this year, the overall real estate market in Guangzhou has shown a trend of "stabilization in quantity and price, optimization of structure, and reduction in inventory." From January to April, the net signed area of new commercial residential buildings in the city reached 3.154 million square meters, an increase of 9.2% year-on-year; the price index for both new and second-hand residential buildings has risen for two consecutive months, and the housing prices have stabilized. The listing volume of second-hand residential buildings has been declining for 7 consecutive months, and the supply-demand relationship in the stock market continues to improve.