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Last week, 1,802 new houses were sold, and this district rose by 165.59%

According to the laws of the market, the transaction volume of the real estate market will be affected to a certain extent during the small holiday. However, driven by many positive factors such as strong policy thrust, strong market sentiment, and obvious demand release, last week, coinciding with the National Day holiday, although the transaction volume of the new housing market formed a certain degree of pullback, compared with the average daily transaction of 27.4 sets during the May Day holiday, the average daily transaction volume of this National Day holiday was 43.7 sets, an increase of nearly sixty percent.

According to the data released by Qingdao Ruili, Qingdao Online Real Estate Network and other institutions, in the 40th week of 2024, the transaction volume of new commercial residential buildings in the city was 1,802 units, with a transaction area of 258,700 square meters.

Affected by the holiday, transactions declined, and only Huangdao District rose month-on-month

Last week, 1,802 new houses were sold, and this district rose by 165.59%

Weekly trend of the city's commercial residential transaction volume in the past 10 weeks Data source: Qingdao Ruili

Judging from the transactions in various districts and cities, 1,482 units were traded in Huangdao District, an increase of 165.59% month-on-month.

Last week, 1,802 new houses were sold, and this district rose by 165.59%

Statistics on the transaction data of newly built commercial residential buildings in various districts and cities of Qingdao last week Data source: Qingdao Ruili

In addition, 2 sets were sold in Shinan District, down 71.43% month-on-month; 32 sets were sold in Shibei District, down 75.94% month-on-month; 26 sets were traded in Licang District, down 95.45% month-on-month; 40 sets were traded in Laoshan District, down 84.13% month-on-month; 72 units were sold in Chengyang District, down 83.37% month-on-month; 66 sets were traded in the high-tech zone, down 60.71% month-on-month; 15 sets were sold in Jimo District, down 95.34% month-on-month; 36 sets were sold in Jiaozhou, down 58.62% month-on-month; 23 sets were traded in Pingdu City, down 94.13% month-on-month; 8 sets were traded in Laixi City, down 96.69% month-on-month.

Last week, 1,802 new houses were sold, and this district rose by 165.59%

Qingdao Top 10 Weekly Commercial Residential Transaction Area Data source: Qingdao Ruili

Industry: customers have demand, real estate companies have discounts, and the market is dynamic

In view of the recent transaction situation in the new housing market, industry insiders said that although from the data point of view, the transaction volume last week fell compared with the previous week, but behind the data decline, it was affected by the National Day holiday, not the real market decline.

Judging from the feedback from the front line of the market, under the active promotion of policies, customer demand has been fully released, and some developers have launched more preferential measures to promote transactions. Some real estate companies said that the average daily number of visits during the holiday reached more than 200 groups, which fully demonstrated the vitality of the market. In the medium to long term, the market is expected to maintain an upward trend, driven by the positive sentiment of home buyers.

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