In March 2021, the average price of second-hand housing in 100 key cities was 15,363 yuan per square meter, down 0.06 percent month-on-month and up 1.76 percent year on year, according to the monitoring data of Zhuge Housing Data Research Center. As the gradually eliminate the influence of the outbreak, market activity gradually increased, beginning March 2020, prices have jumped from continues to expand, much of the country since June and July to tighten regulation policy, market average price year-on-year rise fall signs, rising market average price moderate, in 2021, the market average price continued steady rising trend, With the recent increase in regulation in many cities, the real estate financial supervision continues to be strict, the average price of second-hand housing market this month after three consecutive months of growth stopped rising and turned down. On the whole, the second-hand housing market basically maintained a stable operation.
In terms of the number of cities that rose or fell, the average price of the second-hand housing market in March rose in 50 cities, 4 fewer than last month, with an average increase of 0.98% and an increase of 0.04 percentage points. 50 cities fell, 4 more than last month, the average decline was 0.88%, the decline expanded 0.07 percentage points. In March 2021, the number of rising cities decreased, while the number of rising and falling cities remained the same. With the introduction of regulation and control policies to stabilize the property market in many cities, market activity decreased.
From the point of view of the top ten cities with month-on-month increase, the Yangtze River Delta and the second and third tier cities in the northwest are the main ones. Among them, Hefei in the Yangtze River Delta economic circle topped the list with a 2.98 percent increase for two months in a row, followed by the northwestern city of Yan ‘an with a 2.59 percent increase and Taizhou with a 2.47 percent increase. This month, a total of 6 cities in the Yangtze River Delta economic circle on the list, the market heat in the country at the highest.
In terms of the top 10 cities with month-on-month declines, the Pearl River Delta, Yangtze River Delta, Bohai Rim and the second and third tier cities in the southwest are the main ones, and the cities in the Bohai Rim Economic Rim account for nearly half of the total. Among them, Shenzhen with a 5% decline ranked the first, by February issued the second-hand residential transaction guidance price continued impact, the transaction of second-hand housing in Shenzhen cooled significantly; The southwestern city of Nanchong was second with a 2.92 percent drop, while Baoding in the Bohai Economic Rim was third with a 2.6 percent drop. In addition, the Bohai Rim of Tai ‘an, Zhangjiakou, Weihai, Langfang and other cities are also showing a significant downward trend in the average price of second-hand housing, the decline is more than 1%, the overall Bohai Rim economic circle second-hand housing market activity is low.
The average price of second-hand homes in Shanghai rose 2.28% month-on-month
According to the report, by city level, the average price of second-hand housing in first-tier and third-tier cities declined in March 2021, while the average price in second-tier cities continued to rise.
Among them, the average price in first-tier cities was 62,260 yuan /㎡, down 1.27% month-on-month. This was largely driven by falling prices in Shenzhen, where the average price fell 5 per cent month on month, compared with 2.28 per cent in Shanghai and 0.02 per cent in Beijing. From the perspective of year-on-year change, it increased by 3.67% compared with the same period last year, and the increase narrowed by 1.14 percentage points.
The average price in second-tier cities was 18,178 yuan per square meter, up 0.4% month-on-month. Among them, 14 cities fell and 19 cities rose, an increase of 3 compared with the previous month. From the perspective of year-on-year change, the year-on-year increase was 0.67%, and the increase was expanded by 0.11 percentage points.
The average price in the third – and fourth-tier cities was 11,714 yuan per square meter, down 0.11% month-on-month. Among them, 35 cities saw a month-on-month decline, while 29 cities saw a month-on-month rise, 8 fewer than last month. In terms of year-on-year change, the year-on-year increase was 2.18%, and the increase narrowed by 0.09 percentage points.