Hangzhou, Nanjing Sales Cut in Half, Beijing Adjusts

November homes sales fell 11 percent across Centaline's 54 city survey. Shenzhen sales fell 30 percent, while Hangzhou and Nanjing were halved.
11月楼市调控加码 这两个城市成交“腰斩”

Although sales have been fallen in Beijing as well, prices aren't expected to drop much. Sales and prices are being affected by tightening regulations, with many existing home listings disappearing. In one anecdotal example, there is an area that had 10 homes listed before, now it is 3, and the lower supply is helping support prices.
iFeng: 楼市需求依旧庞大 北京二手房言“跌”很难

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