Shenzhen Real Estate Market Warming: Secondhand Housing Transaction Average Price at Brokerage Stores Stabilizes for 3 Consecutive Months, Buyer Market Entry Pace Accelerates

The Shenzhen real estate market continues to show positive signals. Data from Le You Jia, the largest local real estate agency in Shenzhen, indicates that the average transaction price of second-hand homes at agency stores has stabilized after three consecutive months of decline. Le You Jia Research Center believes that overall, the transaction activity in Shenzhen’s housing market remained stable in February, with a rapid rebound after the holiday, showing early signs of a “small spring market.” Price signals are also beginning to stabilize. According to Le You Jia data, supported by steady transaction volumes, Shenzhen’s second-hand home prices have also stabilized after three months of leveling off. In February, the average transaction price at Le You Jia stores increased from 57,000 yuan per square meter in November 2025 to 62,000 yuan per square meter. They believe that the price increase is influenced by structural factors, with a significant rise in transactions of improved homes priced between 8 million and 10 million yuan in February. Additionally, with the long-term adjustment process, prices have gradually adjusted to appropriate levels. As market expectations and confidence strengthen, signs of price stabilization are becoming more evident. (The Paper)