Second-hand home transactions hit a 10-month high in January in Shenzhen City, south China's Guangdong Province, according to data from the city's real estate information platform.

Cumulative online transactions for new and resale homes in January 2026 reached over 10,000 units, remaining largely unchanged from December 2025.

This defied the typical pre-Spring Festival decline in transaction volumes, extending the recovery trend observed at the end of last year.

Notably, the second-hand housing market emerged as a bright spot, with January's transaction volume hitting a 10-month high. This also marks the 11th consecutive month that the market has recorded over 5,000 transactions.

In January, Shenzhen's resale housing market led the recovery with a significant increase in transaction volume.

Data from the Shenzhen Real Estate Intermediary Association showed that 6,802 second-hand home transactions were recorded citywide in January, a 2.9 percent month-on-month increase and a 45.5 percent year-on-year surge, the highest level in nearly 10 months.

"In January 2026, second-hand home transactions exceeded 1,600 units for four consecutive weeks. Multiple stores I oversee saw month-on-month spikes of 70 percent to 80 percent. Most transactions involved move-up homes such as swapping smaller units for larger ones or moving from older to newer residential communities," said Chen Jian, regional manager of a local real estate agency.

At multiple intermediary stores, first-time homebuyers are making decisions much faster, with some even scheduling follow-up viewings and price negotiations on the same day.

Meanwhile, sellers are holding back listings, especially in prime districts like Futian and Nanshan.

Data from Leyoujia Research Center show that Shenzhen's second-hand home listing prices have hovered around 60,000 yuan (about 8646.84 U.S. dollars) per square meter for three consecutive months.

"We achieved last month's total transaction volume in just ten days. Expectations between our clients and property owners are gradually aligning as buyers perceive this as a market bottoming phase, while sellers are eager to offload their properties. This convergence of interests leads to swift consensus," said Jia Zhonghua, branch store manager of a Shenzhen real estate agency.

Statistics from Shenzhen Real Estate Intermediary Association showed that the four core districts -- Longgang, Futian, Luohu, and Nanshan -- accounted for over 70 percent of the city's total resale home transactions, driving the market recovery.

Among them, Longgang District recorded 1,454 transactions in January, maintaining its position as the city's top performer. Futian followed with 1,176 transactions. Yantian District led the growth with a 35.1-percent month-on-month increase, while districts like Guangming and Longhua also saw robust growth.

"I used to live in Longhua, but now I might move to this district (Nanshan) for convenient commute," said a homebuyer.