Shanghai's April second-hand housing online signing volume hits a new high in nearly 10 years: homebuyers' decision-making cycle has significantly shortened

Shanghai’s second-hand housing market remained at a high level in April. According to the “Online Real Estate” section of the Shanghai Housing Transaction Center, the total online signed transactions for second-hand houses (including commercial properties) in Shanghai reached 28,742 units in April.
According to monitoring data from Anjuke Shanghai, this transaction volume set a new record for the highest single-month transaction in April in nearly 10 years for Shanghai, breaking the previous record of 27.1k units in April 2019.
From the perspective of transaction structure, data from institutional monitoring shows that properties priced under 3 million yuan are the main support for the new high in transactions. These properties are mostly concentrated in mature areas inside the outer ring, or in peripheral areas with convenient subway commutes, catering to the core needs of young families for commuting and amenities.
Data from the Anjuke platform indicates that the proportion of active inquiries from users about properties priced at 3 million yuan exceeds 60%, with a significant improvement in actual viewings and transaction conversion efficiency. (The Paper)