In May, the Shanghai real estate market operated steadily, with the sales volume of both second-hand and new homes doubling year-on-year.

The data shows that in May, the total transaction volume of both new and second-hand housing in Shanghai reached 2.23 million square meters, an increase of 17% year-on-year. The market for new housing continues to be hot: with a transaction volume of 620,000 square meters, a year-on-year increase of 24%. The transaction volume of second-hand housing hit a new high for the same period in nearly three years: with a transaction volume of 1.61 million square meters, a year-on-year increase of 14%, the highest value for the same period since 2022. Since October 2024, the transaction volume has continuously exceeded the "balance zone" of 15,000 units for eight consecutive months, and the monthly transaction volume has continuously increased year-on-year, indicating a significant increase in market liquidity.