If the Shenyang property market is going to rebound in 2023, Heping District, Shenhe , Hunnan , which are relatively sensitive areas in the Shenyang property market, should be the first to react. If housing prices in these areas cannot even rise, then Shenyang housing prices may fall for another year in 2023.
Especially the Heping District in Shenyang, this is basically the weather vane of the Shenyang property market. The various resource facilities are so complete. If housing prices in Heping District have not increased, the pressure in other districts will be even greater.
The biggest problem in Shenyang's property market now is that there are too many second-hand houses for sale, but the number of home buyers is very limited. Adding up the second-hand houses for sale in Heping District, Shenhe District, and Hunnan District, there are nearly 50,000 units. The number of second-hand houses for sale in the entire main urban area of Shenyang is around 100,000.
The number of migrants in Shenyang per year is limited, and with so many new houses being sold out, the involution of second-hand houses is inevitable.
What's more, the prices of new houses in Shenyang are also constantly falling. Once the prices of new houses in Shenyang are reduced, the second-hand houses in Shenyang will become even more passive.
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