CITIC Securities: Second-hand home transactions exceed expectations, outlook more positive

36Kr reports that a CITIC Securities research note stated that during the National Day holiday in 2026, second-hand home transaction volumes surged by 57% year-on-year, roughly matching levels from the same period in 2024. Over a longer timeframe including both Mid-Autumn and National Day holidays, second-hand home transactions in 2026 were notably more active than in 2024 and 2025. CITIC Securities believes the market has a solid foundation for continued activity in 2026, with many key indicators at more reasonable levels, and expects fourth-quarter performance to outpace that of the same period in 2024.