Recent data from the real estate market shows that sales of both luxury and regular housing have fallen to their lowest level in 10 years. This trend highlights the severe challenges currently facing the real estate industry.

Compared to the peak period in 2021, the sales volume of both types of housing has significantly declined. This phenomenon not only reflects changes in the overall economic environment but also suggests a decrease in buyers' confidence.

Analysts point out that multiple factors may have contributed to the emergence of this situation, including interest rate changes, inflationary pressures, and uncertainties in the labor market. In addition, the uneven economic recovery following the pandemic may have also affected the performance of the real estate market to some extent.

It is worth noting that both the luxury housing market and the ordinary housing market are experiencing a downturn simultaneously, a phenomenon that is not common. This indicates that the current market adjustment is broadly affecting properties across various price segments, not just limited to a specific group.

Despite the challenges in the market, experts believe this may create new opportunities for potential buyers. As sales decline, housing prices in some areas may adjust, providing opportunities for those who have been waiting for the right moment to enter the market.

However, when the market will hit bottom and rebound remains an unknown. Closely monitoring economic indicators, policy changes, and consumer confidence will help better grasp market trends.

Overall, the current real estate market is at a critical turning point. Whether buyers, sellers, or investors, all need to carefully assess market conditions and make informed decisions.