In July, the bargaining space for second-hand homes in the city center of Shanghai tended to stabilize. At least 7 new housing projects were opened for sale.

The July Shanghai real estate market data is released. In July, the cumulative transaction volume of second-hand houses in Shanghai exceeded 19,000 units, showing overall resilience. Data from multiple institutions and analyst opinions show that the current market is in an adjustment period, with a clear differentiation between rigid demand and improvement-type demand. As the off-season ends, the transaction volume is expected to gradually increase.