Middle finger research: under the continued high listing volume, "exchange volume for price" continues to dominate the secondary housing market.
According to the data from the China Real Estate Index System's price index of 100 cities nationwide for new and second-hand residential sales markets, as well as the rental markets of 50 cities, in May, the average price of new residential properties in the top 100 cities was 16,815 yuan per square meter. Due to the entry of high-quality improvement projects in some cities, there was a structural increase of 0.30% compared to the previous month and a year-on-year increase of 2.56%. As for second-hand homes, with the continued high listing volume, the market continues to be dominated by the "exchange of price for quantity" phenomenon. In May, the average price of second-hand homes in the top 100 cities was 13,794 yuan per square meter, with a 0.71% decrease compared to the previous month and a year-on-year decrease of 7.24%.
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