Middle Finger Research Institute: In May, the number of second-hand homes listed remained high, and the phenomenon of "exchanging price for quantity" continued to dominate the market.

According to the Zhitong Finance and Economics APP, on June 17th, the China Index Research Institute data monitoring showed that in May 2025, with the continuous high volume of second-hand housing listings, the "exchange price for volume" phenomenon continued to dominate the market. The average price of second-hand residential housing in 100 cities in May was 13,794 yuan per square meter, with a month-on-month decline of 0.71% and a year-on-year decline of 7.24%. In terms of rental housing, the market continued to have a off-season atmosphere, with rental prices for residential housing in key cities continuing to decline. In May, the average rental price for residential housing in 50 cities was 35.0 yuan per square meter per month, with a month-on-month decline of 0.34% and a year-on-year decline of 3.44%.