The China Index Research Institute published an article stating that in the first three quarters of this year, 13,7229 second-hand housing units were signed online in Beijing, up 5.1% year on year, and the transaction scale was the highest in the same period since 2022; Shanghai's second-hand housing online signed 191,563 units, up 15.5% year on year. Since the third quarter, the monthly transaction volume has reached a record high for nearly five consecutive months. Entering October, the second-hand housing market continued to be active. As of October 20, second-hand residential units in Beijing and 14,174 units were sold respectively, with year-on-year increases of 25.9% and 37.9%. Overall, transactions in the Beijing-Shanghai second-hand housing market have remained active. Immediate demand is still the main transaction force, and there has been a marginal recovery in improving demand. However, the price performance of the two places is divided: second-hand housing listing prices in Shanghai are stabilizing, and there is still downward pressure on listing prices in Beijing. It is still worth paying attention to whether subsequent demand for improvement will continue to be released, and whether a rebound in transactions will further drive price stabilization.

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