The latest housing prices in 70 cities are released: the month-on-month decline in second-hand housing sales prices in first-tier cities has expanded
According to the data of the National Bureau of Statistics, in November, the transaction scale of commercial housing in 70 large and medium-sized cities increased, and the sales price continued to decline month-on-month, rising and falling year-on-year.
Shen Yun, senior statistician of the Urban Department of the National Bureau of Statistics, interprets the statistical data on the change in the sales price of commercial housing in November 2023
1. The sales prices of newly built commercial residential buildings in all tiers of cities decreased month-on-month and rose and fell year-on-year
On a month-on-month basis, in November, the sales prices of newly built commercial residential buildings in first-tier cities fell by 0.3% month-on-month, the same rate as the previous month, of which Beijing, Guangzhou and Shenzhen fell by 0.1%, 0.9% and 0.8% month-on-month respectively, and Shanghai rose by 0.6% month-on-month. The sales price of newly built commercial residential buildings in second-tier cities decreased by 0.3% month-on-month, an increase of 0.1 percentage points from the previous month. The sales price of newly built commercial residential buildings in third-tier cities fell by 0.4% month-on-month, 0.1 percentage points narrower than the previous month.
From a year-on-year perspective, in November, the sales price of newly built commercial residential buildings in first-tier cities increased by 0.3% year-on-year, down 0.1 percentage points from the previous month, of which Beijing and Shanghai increased by 1.9% and 4.7% year-on-year respectively, and Guangzhou and Shenzhen decreased by 2.4% and 3.1% year-on-year respectively. The sales price of newly built commercial residential buildings in second-tier cities rose by 0.2% year-on-year, down 0.1 percentage points from the previous month. The sales price of newly built commercial residential buildings in third-tier cities fell by 1.6% year-on-year, an increase of 0.1 percentage points from the previous month.
Second, the sales prices of second-hand residential buildings in all tiers of cities showed a downward trend month-on-month and year-on-year
From a month-on-month perspective, in November, the sales price of second-hand residential buildings in first-tier cities fell by 1.4% month-on-month, an increase of 0.6 percentage points from the previous month, of which Beijing, Shanghai, Guangzhou and Shenzhen fell by 1.4%, 1.5%, 1.0% and 1.5% respectively. Second-hand residential sales prices in second- and third-tier cities fell by 0.7% and 0.8% month-on-month respectively, an increase of 0.2 percentage points from the previous month.
From a year-on-year perspective, in November, the sales price of second-hand residential buildings in first-tier cities fell by 2.9% year-on-year, an increase of 1.0 percentage points from the previous month, of which Beijing, Shanghai, Guangzhou and Shenzhen fell by 1.4%, 3.3%, 4.3% and 2.5% year-on-year respectively. Second-hand residential sales prices in second- and third-tier cities fell by 3.6% and 3.9% year-on-year respectively, an increase of 0.3 percentage points over the previous month.
Exegesis:
The first-, second- and third-tier cities are divided into 70 large and medium-sized cities: first-tier cities refer to four cities, including Beijing, Shanghai, Guangzhou, and Shenzhen; second-tier cities refer to Tianjin, Shijiazhuang, Taiyuan, Hohhot, Shenyang, Dalian, Changchun, Harbin, Nanjing, Hangzhou, Ningbo, Hefei, Fuzhou, Xiamen, Nanchang, Jinan, Qingdao, Zhengzhou, Wuhan, Changsha, Nanning, Haikou, Chongqing, Chengdu, Guiyang, Kunming, Xi'an, Lanzhou, Xining, Yinchuan, Urumqi, and other 31 cities; third-tier cities refer to Tangshan, Qinhuangdao, Baotou, Dandong, Jinzhou, Jilin, Mudanjiang, Wuxi, Xuzhou, Yangzhou, Wenzhou, Jinhua, Bengbu, Anqing, Quanzhou, Jiujiang, Ganzhou, Yantai, Jining, Luoyang, Pingdingshan, Yichang, Xiangyang, Yueyang, Changde, Shaoguan, Zhanjiang, Huizhou, Guilin, Beihai, Sanya, Luzhou, Nanchong, Zunyi, Dali and other 35 cities.