The Zhitong Finance App learned that in August 2026, the real estate market in key cities continued to adjust during the traditional off-season: the scale of new housing transactions hit a new low since March, and the year-on-year decline increased markedly; second-hand housing transactions “fell four times in a row” month-on-month, and the year-on-year increase narrowed for three consecutive months but remained positive, and still occupied an absolute dominant position in transactions. Looking ahead to the future market, the intensive implementation of new sales systems and credit management policies at the central level at the end of August, as well as the loosening of local policies such as Beijing and Shanghai, is expected to inject expected support into the “gold nine silver ten” market restoration. The year-on-year decline in new housing transactions in September is expected to narrow, and demand for second-hand housing is expected to remain high.

The Zhitong Finance App learned that in August 2026, the real estate market in key cities continued to adjust during the traditional off-season: the scale of new housing transactions hit a new low since March, and the year-on-year decline increased markedly; second-hand housing transactions “fell four times in a row” month-on-month, and the year-on-year increase narrowed for three consecutive months but remained positive, and still occupied an absolute dominant position in transactions. Looking ahead to the future market, the intensive implementation of new sales systems and credit management policies at the central level at the end of August, as well as the loosening of local policies such as Beijing and Shanghai, is expected to inject expected support into the “gold nine silver ten” market restoration. The year-on-year decline in new housing transactions in September is expected to narrow, and demand for second-hand housing is expected to remain high.