In April of this year, the transaction area of both new and second-hand houses in Shanghai increased by 21% year-on-year, with a total of 20,700 second-hand houses being sold.

Since the beginning of this year, the overall situation of the Shanghai real estate market has continued the trend of stabilization and improvement that began in the fourth quarter of last year. In January and February, the market for commodity housing was not as slow as expected, with March showing strong signs of a "mini spring", and market stability in April. On May 1st, it was reported by Pengpai News that according to statistics from the Shanghai Housing Authority, in April of this year, a total of 2.31 million square meters of first and second-hand residential properties were sold in the city, an increase of 21% compared to the same period last year, generally following the market trend of "strong March and April". Specifically, on one hand, the market for new residential properties remained stable. New projects were consistently subscribed to, and projects for sale were selling well. In April, 550,000 square meters were sold, which was about the same as the same period last year; from January to April this year, a total of 2.04 million square meters were sold, an increase of 5% compared to the same period last year. On the other hand, the market for second-hand residential properties remained active. Data shows that in April, a total of 1.76 million square meters of second-hand residential properties were sold in the city, an increase of 32% compared to the same period last year, surpassing the 15,000 unit threshold for seven consecutive months, reaching the highest value for the same month since 2022; from January to April this year, a total of 6.67 million square meters were sold, an increase of 45% compared to the same period last year.