Will housing prices in Guangzhou fall in 2020? Guangzhou housing price forecast analysis

Will housing prices in Guangzhou fall in 2020?

Analysis and forecast: Small fluctuations, basically stable

Specific details:

The data of Guangzhou real estate market in the third week of February 2020 is released, including:

1. The listed price of second-hand houses in Guangzhou's real estate market changed from 31,835 yuan to 31,830 yuan, a decrease of 5 yuan this week, and a decline for three consecutive weeks.

2. In the past three weeks, the number of second-hand houses for sale in Guangzhou's real estate market was 62,892, 61,652 and 61,290, with the rate of decline easing.

Judging from the data of the Guangzhou property market for three consecutive weeks, the small spring in the Guangzhou property market has disappeared along with the small spring in Shenzhen.
At present, the number of second-hand houses for sale in Guangzhou is decreasing. This is not because the transaction volume of second-hand houses in Guangzhou has increased, but because the intermediaries have increased the number of second-hand houses for sale in Guangzhou.

Some houses that were not sold sincerely were taken off the shelves, resulting in a decrease in the number of second-hand houses for sale in Guangzhou.

The decline in the listing prices of second-hand homes for sale in Guangzhou's real estate market is also consistent with this speculation.

Now the Guangzhou property market is a bit like the younger brother of the Shenzhen property market. Previously, when Shenzhen housing prices rose, Guangzhou housing prices also followed suit. Now that Shenzhen housing prices have fallen, Guangzhou housing prices have also fallen.