I. Overall market trends
1. The second-hand housing market continues to expand: in the past year, except for a few months, the year-on-year growth rate of transaction volume has almost reached more than 100%. Although it declined in May, the year-on-year growth rate still reached nearly 108%.
2. Transition to the era of stock houses: Since February, the proportion of second-hand housing transactions has exceeded 50% for four consecutive months.
3. Transformation of supply and demand: The ratio of supply and demand (number of sets of transactions/number of sets of listings) shows a fluctuating downward trend, from 2.90 in May of 15 to 1.06 in May of 16, indicating that the market is changing from oversupply to supply and demand balance or even short of supply.
Second, the market characteristics
1. Supply characteristics
At present, 96,392 sets of second-hand houses are being sold in Nanjing. The situation of second-hand houses being sold in various districts is as follows:
Characteristics of supply areas: Regional supply mainly comes from Gulou and Jiangning areas, accounting for 37% of the total.
Regional price characteristics: At present, the highest price in jianye district is 34,328 yuan/square meter, the urban price has all approached or exceeded 20,000 yuan/square meter, and the lowest supply price in Liuhe District is 8,029 yuan/square meter.
Regional area characteristics: Qinhuai, Xuanwu, Gulou and other areas only need apartment types, and Jianye, Pukou and Jiangning areas need to improve apartment types.
2. Transaction characteristics
The second-hand housing market is still dominated by just-needed transactions. In the past year, the transaction area has basically stabilized at around 90㎡, and the second-hand housing market is still dominated by just-needed transactions.
In May, Jiangning and Gulou were the main transactions, and Liuhe District had the lowest supply unit price. Therefore, affected by the rising prices in surrounding areas, the proportion of second-hand housing transactions increased significantly in May.
Among the top 20 transactions in the six districts of the main city of Nanjing, jianye district has no projects on the list, and the total transaction price and average area are obviously lower than the average level of the whole city. It can be seen that the transaction is mainly based on real estate transactions with lower unit price and smaller area in the region.
Conclusion:
With the recent decrease of inventory in Nanjing's new housing market, the limited purchasing power of customers caused by the rapid rise of housing prices, and the demand for school districts, the transactions in Nanjing's second-hand housing market have continued to expand, and the relationship between supply and demand has changed from oversupply to supply and demand balance or even short supply.
Judging from the characteristics of market supply and transaction, the prices in Nanjing have all approached or reached 20,000/m2, and only the supply price in Liuhe District did not exceed 1 10,000 yuan. In May, the proportion of transactions in this area increased by 5%. At present, the second-hand housing in Nanjing is still just needed by the market, and the transaction is mainly based on low unit price and small area units in the region.