The transaction rate of the real estate market reflects the trend of house prices to a certain extent. From the perspective of the transaction area of new houses in February, the month on month decrease of 48%, which means that the house prices in the first half of 2019 will still shrink. If you want to know the latest news of house price trend this year, please see the following.
According to the residential transaction report of 40 cities nationwide in February released by E-House Real Estate Research Institute on March 11, 2019, the transaction area of newly-built commercial residential buildings in 40 typical cities decreased by 39% month on month and 13% year-on-year. Among them, the transaction area of the first tier cities decreased by 48% month on month, with a year-on-year increase of 33%; the transaction area of the second tier cities decreased by 41% month on month, with a year-on-year decrease of 12%; the transaction area of the third and fourth tier cities decreased by 30% month on month, with a year-on-year decrease of 20%.
Compared with the historical data, the transaction area of the four first tier cities in February this year increased by a different margin. The total transaction area of first tier cities increased by 33% year-on-year, but the absolute value is still at a relatively low level since 2014. In this round of real estate market, the first tier cities started ahead of other cities, and also began to adjust ahead of other cities. Judging from the trend of trading volume in recent months and the year-on-year growth in the first two months of this year, the trading volume of the first tier cities began to stabilize.
Considering that the national control policy of the internal environment will not be relaxed in the short term, and the external international environment is complex and changeable, it is estimated that the year-on-year growth rate of the accumulated transaction area of 40 cities in 2019 will continue to decline after the sharp plunge at the beginning of the year.
It can be seen that in February 2019, the transaction area of new houses decreased by 48% on a month on month basis, which means that house prices will continue the trend of 2018. It is necessary to stabilize land prices, house prices and overdue prices. At the same time, it is a healthy and stable housing market for those who just need to buy houses.