In March, the second-hand housing transaction volume in Beijing, Shanghai, and Shenzhen all hit new highs, experts predict that various places are expected to increase policy measures during the May Day holiday.

According to data from the Zhongshi Research Institute, in the first quarter of this year, the transaction volume of second-hand residential properties in the top 20 cities was 319,000 units, a year-on-year decrease of 5.7%, still significantly higher than the same period in 2024. In March, the transaction volume of second-hand residential properties in the top 20 cities was 134,000 units, a year-on-year decrease of 6.3%. In terms of weekly transactions, the transaction volume of second-hand houses has increased for five consecutive weeks after the Spring Festival. In the fourth week of March, the transaction volume of second-hand residential properties in the top 20 cities reached a new weekly high since 2025. Zhang Bo, director of the 58 Anjuke Research Institute, pointed out that in terms of performance in national hot cities, the real estate market shows a distinct feature of leading first-tier cities and structural warming. Major cities such as Beijing and Shanghai have seen a significant surge in second-hand housing transactions, with a significant release effect of demand under policy stimulus. Core second-tier cities are also warming up simultaneously, while third- and fourth-tier cities remain relatively flat. Overall, the current market has formed a dominant pattern of second-hand housing in core cities, and the next step in the new housing market is expected to improve by leveraging the chain of second-hand housing exchanges. He predicted that the national market is expected to continue its trend of structural recovery in April and May, and the sustainability of policy effects still needs to pay attention to the rhythm of demand release. It is expected that various regions will add policies during the May 1st holiday, and the overall pace of continued recovery will remain unchanged.