Shanghai second-hand housing sales increase, prices remain stable, and new housing transactions have seen a recovery in prices.

On March 15th and 16th, reporters visited the property transaction centers in Jiading, Putuo, and Xuhui districts of Shanghai to directly experience the heat of the real estate market after the new policies. At the property transaction center in Jiading district, on-site staff openly admitted to citizen Zhang Ying that there has been a significant increase in the number of citizens inquiring about and processing property transfer procedures and tax policies since the Spring Festival. The number of customers at the center on weekends is higher than on weekdays. Online real estate data shows that starting from February 25th, the daily transaction volume of second-hand houses in Shanghai exceeded 500 units, steadily increasing each day, reaching a peak of 839 units on the last day of February. The market quickly heated up, skipping the traditional post-holiday recovery period of 1-2 weeks. Since March, the market has continued to heat up. As of March 15, 2026, the total cumulative transaction volume of second-hand houses in Shanghai has reached 13,955 units, with pure residential transactions accounting for 12,468 units, a high proportion of 91%, becoming the absolute main force in second-hand house transactions.