(Yicai) Feb. 17 -- Second-hand home sales in Shenzhen have bounced back since the end of this year's Chinese New Year holiday.

The number of pre-owned homes in Shenzhen to change hands jumped 24 percent in the five days after the holiday ended on Feb. 4 compared with a year earlier, according to the city's Beike Research Institute. The increase in the first seven days after the break was 41 percent.

Most buyers had a limited budget and bought properties to live in themselves, with homes priced below CNY3 million (USD413,565) accounting for 55 percent of transactions and those below CNY2 million for 29 percent. 

The number of pre-owned homes listed for sale has also surged as market activity increases, with some 60,300 properties on the market in Shenzhen as of Feb. 10, up 2,212 from a week earlier, according to the Shenzhen Real Estate Intermediary Association.

In addition, homeowners have begun raising their asking prices, with 43 percent doing so since the end of the holiday, compared with 32 percent last month, data from the Leyoujia Research Center showed.

However, the average price of second-hand homes in Shenzhen has stayed relatively stable at around CNY66,100 to CNY66,300 (USD9,110 to USD9,140) per square meter for five consecutive months, according to the Leyoujia Research Center.

Editors: Tang Shihua, Martin Kadiev