2014-12-10

Beijing Housing Inventory Climbs As Buyers Evaporate in First Week of December

Beijing housing inventory is at 32 months, a new high, and buyers are moving back to the sidelines. iFeng: 北京楼市库存创32个月新高 购房者依然观望

New properties have been coming to market in large numbers, so new supply is outstripping new demand. Inventory reached 93,000 units, exceeding the March 2012 high of 91,000.

Week to week data is very volatile, but the sales in the first week of December sank 45% and area sold fell 46% from the week before.

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