In February, the monthly subscription volume of quick freeze in Beijings second-hand housing market may reach a ten-year low

category:Global
 In February, the monthly subscription volume of quick freeze in Beijings second-hand housing market may reach a ten-year low


Deal sinking freezing point residential online sign fell by more than 60% month on month

In February, under novel coronavirus pneumonia, the volume of second-hand housing transactions in Beijing dropped sharply. Statistics from my love Research Institute and Beijing Zhongyuan show that as of February 27, there were 3237 sets of second-hand residential signs in Beijing, down 62.16% month on month and 46.86% year on year. It is expected that the monthly online subscription volume in February will be the lowest since Beijing entered the era of housing stock in 2009.

It is worth mentioning that, due to the delay of online sign data, more than 3000 sets of online sign data in February were basically transactions years ago, which means that the actual transaction volume in February fell by a larger margin than the online sign volume.

In addition, according to the statistics of Shell Research Institute, from January to February, the trading volume of second-hand houses in Beijing as a whole dropped by more than 50% year on year. Among them, from January to February, the real-time trading volume of second-hand houses in Beijing chain house decreased by about 57.6% year on year.

From the perspective of regional trading volume, statistics from Central Plains of Beijing show that Chaoyang District leads the regional second-hand housing market, accounting for 23% of the total turnover of the city, followed by Haidian District and Fengtai District; from the perspective of the change of regional trading volume, the trading volume of 16 regions in Beijing fell significantly in February, among which Miyun District saw the largest decline, with a 87% drop on a month on month basis. In addition, from the perspective of transaction structure, the products with an area of less than 90 square meters are still the main transaction, accounting for 64% of the total, and the proportion is basically the same on a month basis.

In terms of market leading indicators, I love my familys statistics show that as of February 27, the number of new houses and customers in Beijings second-hand housing market dropped by more than 70% year-on-year and month on month, and the leading activities of brokerage enterprises basically stopped. Under the prevention and control of the epidemic, the stores were closed and no one was allowed to leave. In February, the transaction data of second-hand houses also dropped sharply.

As the market is almost frozen, the average price is difficult to maintain the upward trend. According to the statistics of Shell Research Institute, as of February 27, the average transaction price of second-hand houses was 54115 yuan / m2, down 8.6% month on month and 9.7% year on year. The decline in the average transaction price was also affected by structural factors. In February, the proportion of transactions in the six districts of the central city with high unit price fell 3.8 percentage points on a month on month basis.

The novel coronavirus pneumonia epidemic also aggravates the weakening expectations of the second-hand housing owners. According to the statistics of Shell Research Institute, the average listing price of new houses in February was 57790 yuan / m2, with a decline of 3.9% on a month on month basis, and the number of price cuts increased by 5.4% to 92% on a month on month basis. The pace of market transactions slowed down. In February, the turnover cycle of housing was 154 days, 25 days longer than that in January, reaching a historical high level.

Novel coronavirus pneumonia is expected to gradually resume its offline business as the impact of the new crown pneumonia is gradually weakened, and the demand for a short squeeze will be concentrated in the market, according to the shell Research Institute.

Novel coronavirus pneumonia also believed that market demand still existed. The new crown pneumonia epidemic was only a short-term impact on Beijing. After the outbreak, the demand for the backlog was gradually released, and the market volume would also return to normal level.