September is the traditional peak season for the real estate market. At present, the characteristics of the peak market season have been shown, and activity in the new and second-hand housing markets in key cities has increased. Looking at the new housing market, data from the China Index Research Institute shows that as of September 20, the transaction area of newly built commercial housing in the 30 key cities increased slightly by 1.4% year on year in September, and the transaction area of newly built commercial housing in first-tier cities increased by more than 10% year on year. Among them, Beijing and Shanghai increased 23% and 22% year on year, respectively. In terms of the second-hand housing market, as of September 20, the number of second-hand housing units sold in the 20 key cities increased 13.1% year-on-year in September. Among them, Beijing and Shanghai sold 10,000 and 16,000 units respectively, up 2.2% and 24.3% year-on-year respectively. Cao Jingjing, general manager of the Index Research Department of the China Index Research Institute, said that in the long run, as sales of existing homes gradually advance, superimposed housing companies' investment and development decisions tend to be cautious, the supply of new homes may decline further, and some demand for home purchases may be diverted to the second-hand housing market, forming a certain support for second-hand housing transactions.

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