Shanghai recorded a total of 21,400 second-hand home transactions (690 transactions on average per day) in May 2025, down 8.6% MoM but up 15% YoY, according to the latest data from the Shanghai Real Estate Trading Center.Given that May had more holidays, if the holiday impact is excluded, the center pointed out that the average daily transaction volume of second-hand homes from May 6 to 30 was 790 units, slightly higher than 780 units in April.Related NewsCICC's Strategic Top Picks for Offshore CN Stocks (Table)