2015-05-04

Beijing Home Sales At 2011 Levels

Home sales were up 40% or more from March levels in April, with new home prices up 1.9%. The figure is down 12% from April 2014, but similar to levels seen in April 2011.

Existing housing inventory exceeded pre-sale inventory for the first time in nearly a year. In 2010, sales of completed homes were only 4% of total sales, peaking at 17% in 2013 and sliding to 12% in 2014. The dip in pre-sale inventory is coming from high-end developers who are skipping pre-sales in favor of bringing finished homes to market.

iFeng: 4月京楼市“入夏” 新房成交量达2011年水平

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