Sellers of homes in the secondary market are asking higher prices, but most prospective buyers remain hesitant.
Property agents said transaction volume last weekend was much the same as the previous week, despite stronger sentiment boosted by last week's auction result.
Home owners were standing firm on asking prices, prolonging negotiations with buyers, who were holding out for discounts.
Agents said it would be more difficult to settle sale and purchase agreements.
Transactions mainly focused on small units priced between HK$1.5 million and HK$2.5 million, indicating people wishing to upgrade were still taking a cautious approach to the market.
Centaline Property Agency managing director Shih Wing-ching said there was no significant increase in transaction volume over the weekend, despite improving market sentiment.
He said sales in the primary market also slowed, especially those in Yuen Long, after developers raised prices for remaining units.