Shenzhen Real Estate Brokerage Association data show August 2026 second‑hand
transactions totaled 5,535 units, down 3.3% MoM and up 5.1% YoY; second‑hand
residential transactions were 5,108 units, down 2.3% MoM and up 7.6% YoY.
Volumes slipped slightly from July but YoY gains widened, implying cooling
transaction momentum amid activity that remains materially above last year and a
still-stable market.