Finger Institute: Second-hand housing market in core cities maintained a certain level of activity in April. "Exchanging price for volume" remains the main trend in the market.

According to the Wise Finance APP, data monitoring by the China Real Estate Research Institute shows that in April 2025, the second-hand housing market in core cities maintained a certain level of activity. However, with high listing volume, "price for volume" is still the mainstream in the market. The average price of second-hand residential housing in 100 cities was 13,892 yuan per square meter, with a month-on-month decline expanding to 0.69% and a year-on-year decline of 7.23%. In terms of rental housing, the market has entered the off-peak rental season, leading to a slowdown in rental demand and a decline in residential rental prices. In April, the average rental price of residential housing in 50 cities was 35.2 yuan per square meter per month, with a month-on-month decline of 0.32% and a year-on-year decline of 3.40%.