Part 2/10:
In recent weeks, Shanghai's housing market has seen listings soar to a staggering 160,000 properties for sale. Streets that once buzzed with potential buyers are now filled with sellers. The common conversation starter has shifted from location inquiries to whether properties have already sold, marking a drastic change in buyer behavior. Listing prices, once steadfast, are now plummeting up to three times a day as homeowners scramble to liquidate their assets before they become unmarketable. For example, homes in reputed school districts that were initially priced at 80,000 yuan per square meter have now dropped to 65,000 yuan.