China News Service, Beijing, September 21 (Reporter Pang Wuji) The "National Hundred Cities Housing Inventory Report" released by the Yiju Real Estate Research Institute on the 21st stated that due to factors such as the accelerated pace of project supply in various regions, in the past three months, 100 cities across the country Inventories continued to show an upward trend from the previous month.
　　 The report data shows that as of the end of August, the total inventory of newly built commercial housing in 100 cities across the country was 483.38 million square meters, an increase of 0.8% month-on-month and 7.5% year-on-year.
　　Yan Yuejin, research director of the Think Tank Center of E-House Research Institute, said that during the "golden nine silver ten" stage of the traditional property market peak season, rising inventory data is not a negative sign. It not only shows that real estate companies have increased their initiative to launch listings, and the pace of actions such as promotion has accelerated, but also shows that the market is relatively abundant, which will help increase the transaction volume of the real estate market in corresponding cities.
　　Data shows that in August, the supply of newly built commercial housing in 100 cities was 57.48 million square meters, while the transaction volume was 53.41 million square meters, showing a "supply exceeding demand" situation.
　　 Yan Yuejin pointed out that this does not mean that the sales market is not good, but because the control of pre-sale certificates has been loosened in various places, a large number of real estates have entered the market to push up the supply, especially some high-priced projects have also been able to enter the market.
　　 In August, the stock-to-sales ratio of newly-built commercial residential buildings in 100 cities, that is, the inventory elimination cycle, was 9.9 months, which also means that it will take 9.9 months for the market to digest these stocks. In the first April of this year, Baicheng's property market inventory was obviously affected by the epidemic, and the destocking cycle rose sharply, even exceeding the one-year level. From May to August, the pressure on inventory destocking was generally relieved.
　　 Yan Yuejin believes that the current national real estate market is generally recovering, and inventory pressure is expected to be further released. However, it should also be noted that the recent housing purchase policies in some cities have been slightly tightened, and some bank loans have also tended to tighten, and the property market regulation is still relatively strict.