In May 2026, second-hand home sales in 10 key Chinese cities increased by 20.5% year-on-year

en.Wedoany.com Reported - In May 2026, the total area of newly-built commercial housing transactions (contracts signed) in 10 key cities reached 7,339,600 square meters, up 6% month-on-month and 4.5% year-on-year.

During the same period, the total area of second-hand home transactions (contracts signed) in 10 key cities reached 11,066,100 square meters, down 7.9% month-on-month but up 20.5% year-on-year.

I. Monthly new commercial housing transactions (contracts signed) in 10 key cities. Mysteel has compiled data on monthly new commercial housing transactions (contracts signed) in 10 key cities: Beijing, Shanghai, Guangzhou, Shenzhen, Foshan, Hangzhou, Suzhou, Ningbo, Wuhan, and Chengdu.

In terms of transaction (contract) area, in May, four cities—Shanghai, Chengdu, Beijing, and Ningbo—saw a month-on-month decline in new home transaction area, with Ningbo recording a contract area of 324,500 square meters, down 35.1% month-on-month, the largest decrease. The other six cities achieved month-on-month growth in new home transaction area, with Wuhan recording a transaction area of 1,225,100 square meters, up 65.4% month-on-month, the largest increase.

In terms of transaction (contract) volume, in May, the total number of new commercial housing transactions (contracts signed) in 10 key cities reached 76,600 units, up 8.6% month-on-month. By city, in May, five cities—Suzhou, Hangzhou, Guangzhou, Shenzhen, and Wuhan—saw a month-on-month increase in new home transaction volume, with Wuhan recording 10,394 units, up 65.4% month-on-month, the largest increase. The other five cities saw a month-on-month decline in transaction (contract) volume, with Beijing recording 7,698 units, down 28.2% month-on-month, the largest decrease.

II. Monthly second-hand home transactions (contracts signed) in 10 key cities. Mysteel has compiled data on monthly second-hand home transactions (contracts signed) in 10 key cities: Beijing, Shanghai, Shenzhen, Chengdu, Qingdao, Ningbo, Huizhou, Changzhou, Suzhou, and Foshan.

In terms of transaction (contract) area, in May, all 10 cities saw a month-on-month decline in second-hand home transaction area, with Ningbo recording a transaction area of 830,100 square meters, down 13.6% month-on-month, the largest decrease.

In terms of transaction (contract) volume, in May, the total number of second-hand home transactions (contracts signed) in 10 key cities reached 115,800 units, down 7.6% month-on-month. By city, in May, only Foshan saw a month-on-month increase in second-hand home transaction volume, with a month-on-month growth rate of 6.1%. The other nine cities all saw a month-on-month decline in second-hand home transaction (contract) volume, with Ningbo recording 9,389 units, down 14.5% month-on-month, the largest decrease.

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