On the 16th, the “Housing Big Data Dynamic Monitoring” project team and the Weifang Research Institute released the “Monthly Report on Housing Markets in Key Cities” for third- and fourth-tier cities in September 2024. The report points out that in the context of the latest policy, market confidence has recovered significantly, and the housing price decline has also narrowed, and the housing market in third- and fourth-tier cities is expected to usher in more positive changes in the future. According to the report, the current housing market in third- and fourth-tier cities shows two major characteristics. First, the confidence of sellers in third- and fourth-tier cities has generally increased. This change reflects market participants' optimistic expectations for the future housing market. Second, confidence expectations predated changes in the trading market, and the decline in housing prices narrowed further. The industry believes that this shows that adjustments at the psychological level of the market often precede improvements in actual trading conditions. Affected by this, housing price declines further, and the market supply and demand situation is quietly changing. This trend indicates that the housing market is expected to gradually stabilize as market confidence gradually recovers.

On the 16th, the “Housing Big Data Dynamic Monitoring” project team and the Weifang Research Institute released the “Monthly Report on Housing Markets in Key Cities” for third- and fourth-tier cities in September 2024. The report points out that in the context of the latest policy, market confidence has recovered significantly, and the housing price decline has also narrowed, and the housing market in third- and fourth-tier cities is expected to usher in more positive changes in the future. According to the report, the current housing market in third- and fourth-tier cities shows two major characteristics. First, the confidence of sellers in third- and fourth-tier cities has generally increased. This change reflects market participants' optimistic expectations for the future housing market. Second, confidence expectations predated changes in the trading market, and the decline in housing prices narrowed further. The industry believes that this shows that adjustments at the psychological level of the market often precede improvements in actual trading conditions. Affected by this, housing price declines further, and the market supply and demand situation is quietly changing. This trend indicates that the housing market is expected to gradually stabilize as market confidence gradually recovers.