2015-05-26

Beijing Housing Market Enters Summer

Good times are back for Beijing's housing market according to one article. Sales and price data support the view at this moment:
In the 4th week of May (5.18-5.24), Beijing new residential net sales hit 2120 units, down 4.93 percent week on week, an increase of 72.36% year on year; area of ​​216,400 square meters, down 11.42% wow, an increase of 59.59% yoy.
This chart shows weekly sales. On the left is week 21 from 2014, to the right are sales by week in 2015. Blue bars show number of homes sold, red line shows average price.

Same format, existing home sales:

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