According to the Kerry Research Center, in July 2026, the real estate market entered the traditional seasonal off-season, showing the overall operating characteristics of “recovering in the off-season for new homes and stable resilience for second-hand housing”. Supply and demand for new homes in key cities weakened simultaneously from month to month, and market popularity declined markedly from the end of June. At the same time, second-hand housing maintained a high level of operation, supported by replacement demand and driven by “price for volume,” and continued to increase positively year over year. It is expected that supply and transactions in the new housing market will continue to weaken month-on-month in August; second-hand housing relied on replacement demand to remain high, but it may continue to decline slightly month-on-month.

Zhitongcaijing · 1d ago
According to the Kerry Research Center, in July 2026, the real estate market entered the traditional seasonal off-season, showing the overall operating characteristics of “recovering in the off-season for new homes and stable resilience for second-hand housing”. Supply and demand for new homes in key cities weakened simultaneously from month to month, and market popularity declined markedly from the end of June. At the same time, second-hand housing maintained a high level of operation, supported by replacement demand and driven by “price for volume,” and continued to increase positively year over year. It is expected that supply and transactions in the new housing market will continue to weaken month-on-month in August; second-hand housing relied on replacement demand to remain high, but it may continue to decline slightly month-on-month.