二、各线城市商品住宅销售价格同比降幅总体继续收窄 8月份，一线城市新建商品住宅销售价格同比下降0.9%，降幅比上月收窄0.2个百分点。其中，上海上涨 5.9%，北京、广州和深圳分别下降3.5%、4.3%和1.7%。二、三线城市新建商品住宅销售价格同比分别 下降2.4%和3.7%，降幅分别收窄0.4个和0.5个百分点。 8月份，一线城市二手住宅销售价格同比下降3.5%，降幅比上月扩大0.1个百分点。其中，北京、上海、 广州和深圳分别下降3.1%、2.6%、6.2%和1.9%。二、三线城市二手住宅销售价格同比分别下降5.2%和 6.0%，降幅均收窄0.4个百分点。 表1: 2025年8月70个大中城市新建商品住宅销售价格指数 2025年8月份，70个大中城市中，各线城市商品住宅销售价格环比下降，同比降幅总体继续收窄。 一、各线城市商品住宅销售价格环比下降 8月份，一线城市新建商品住宅销售价格环比下降0.1%，降幅比上月收窄0.1个百分点。其中，上海上涨 0.4%，北京、广州和深圳分别下降0.4%、0.2%和0.4%。二线城市新建商品住宅销售价格环比下降 0.3%，降幅收窄0.1个百分点。三线城市新建商品住宅销售价 ...

三线城市新建商品住宅销售价格环比下降0.4%，降幅扩大0.1个百分点。 8月份，一线城市二手住宅销 售价格环比下降1.0%，降幅与上月相同。其中，北京、上海、广州和深圳分别下降1.2%、1.0%、0.9% 和0.8%。二线城市二手住宅销售价格环比下降0.6%，降幅扩大0.1个百分点。 三线城市二手住宅销售价格环比下降0.5%，降幅与上月相同。 二、各线城市商品住宅销售价格同比降 幅总体继续收窄 8月份，一线城市新建商品住宅销售价格同比下降0.9%，降幅比上月收窄0.2个百分 点。其中，上海上涨5.9%，北京、广州和深圳分别下降3.5%、4.3%和1.7%。 2025年8月份，70个大中城市中，各线城市商品住宅销售价格环比下降，同比降幅总体继续收窄。 一、各线城市商品住宅销售价格环比下降 8月份，一线城市新建商品住宅销售价格环比下降0.1%，降幅 比上月收窄0.1个百分点。其中，上海上涨0.4%，北京、广州和深圳分别下降0.4%、0.2%和0.4%。 二线城市新建商品住宅销售价格环比下降0.3%，降幅收窄0.1个百分点。 二、三线城市新建商品住宅销售价格同比分别下降2.4%和3.7%，降幅分别收窄0.4个和0. ...

Price Trends - The national statistics indicate a comprehensive decline in steel prices in the circulation market as of early September 2025 [1] - Rebar (Φ20mm, HRB400E) price is 3175.0 CNY/ton, down by 43.2 CNY/ton, a decrease of 1.3% from the previous period [1] - Wire rod (Φ8-10mm, HPB300) price is 3304.4 CNY/ton, down by 52.1 CNY/ton, a decrease of 1.6% [1] - Ordinary medium plate (20mm, Q235) price is 3501.2 CNY/ton, down by 24.6 CNY/ton, a decrease of 0.7% [1] - Hot-rolled ordinary coil (4.75-11.5mm, Q235) price is 3408.2 CNY/ton, down by 36.7 CNY/ton, a decrease of 1.1% [1] - Seamless steel pipe (219*6, 20) price is 4144.4 CNY/ton, down by 18.1 CNY/ton, a decrease of 0.4% [1] - Angle steel (5) price is 3471.6 CNY/ton, down by 59.8 CNY/ton, a decrease of 1.7% [1]

Group 1 - In August 2025, the sales prices of new residential properties in first-tier cities decreased by 0.1% month-on-month, with a narrowing decline compared to the previous month [2][3] - The month-on-month decline in new residential property prices for second-tier cities was 0.3%, showing a narrowing of 0.1 percentage points, while third-tier cities saw a decline of 0.4%, which is an increase of 0.1 percentage points [3] - The sales prices of second-hand residential properties in first-tier cities decreased by 1.0% month-on-month, remaining unchanged from the previous month [3] Group 2 - Year-on-year, the sales prices of new residential properties in first-tier cities fell by 0.9%, with a narrowing decline of 0.2 percentage points compared to the previous month [4] - In August, the year-on-year decline for new residential property prices in second-tier and third-tier cities was 2.4% and 3.7%, respectively, with declines narrowing by 0.4 and 0.5 percentage points [4] - The year-on-year decline in second-hand residential property prices in first-tier cities was 3.5%, which is an increase of 0.1 percentage points compared to the previous month [4]

Group 1 - In August 2025, the sales prices of new residential properties in first-tier cities decreased by 0.1% month-on-month, with the decline narrowing by 0.1 percentage points compared to the previous month [2] - The sales prices of new residential properties in second-tier cities fell by 0.3% month-on-month, with the decline narrowing by 0.1 percentage points [2] - The sales prices of new residential properties in third-tier cities decreased by 0.4% month-on-month, with the decline widening by 0.1 percentage points [2] Group 2 - Year-on-year, the sales prices of new residential properties in first-tier cities dropped by 0.9%, with the decline narrowing by 0.2 percentage points compared to the previous month [2] - In first-tier cities, Shanghai saw an increase of 5.9%, while Beijing, Guangzhou, and Shenzhen experienced declines of 3.5%, 4.3%, and 1.7% respectively [2] - Year-on-year, the sales prices of new residential properties in second-tier and third-tier cities fell by 2.4% and 3.7%, with declines narrowing by 0.4 and 0.5 percentage points respectively [2] Group 3 - In August, the sales prices of second-hand residential properties in first-tier cities decreased by 3.5% year-on-year, with the decline widening by 0.1 percentage points compared to the previous month [3] - The year-on-year declines in second-hand residential property prices for Beijing, Shanghai, Guangzhou, and Shenzhen were 3.1%, 2.6%, 6.2%, and 1.9% respectively [3] - The year-on-year sales prices of second-hand residential properties in second-tier and third-tier cities fell by 5.2% and 6.0%, with declines narrowing by 0.4 percentage points for both [3]

表3: 2025年8月70个大中城市新建商品住宅销售价格分类指数(一) | 城市 | | 90m2及以下 | | | 90-144m4 | | | 144m2以上 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | 环比 | 同比 | 1-8月 | 环比 | 同比 | 1-8月 | 环比 | 同比 | 1-8月 | | | | | 平均 | | | 平均 | | | 平均 | | | 上月=100 | 上年同月 | 上年同期 | 上月=100 | 上年同月 | 上年同期 | 上月=100 | 上年同月 | 上年同期 | | | | =100 | =100 | | =100 | =100 | | =100 | =100 | | 京 言 | 99.5 | 96.6 | 94.9 | 99.8 | 96.3 | 95.3 | 99.6 | 96.6 | 95.6 | | 天 津 | 99.6 | 98.4 | 97.4 | વે જે રે | 98.2 | 98.1 | 99.4 | 98.0 | 97.8 | | 石 家 庄 ...

（文章来源：国家统计局） 国家统计局发布数据显示，8月份，一线城市新建商品住宅销售价格同比下降0.9%，降幅比上月收窄0.2 个百分点。其中，上海上涨5.9%，北京、广州和深圳分别下降3.5%、4.3%和1.7%。二、三线城市新建 商品住宅销售价格同比分别下降2.4%和3.7%，降幅分别收窄0.4个和0.5个百分点。8月份，一线城市二 手住宅销售价格同比下降3.5%，降幅比上月扩大0.1个百分点。其中，北京、上海、广州和深圳分别下 降3.1%、2.6%、6.2%和1.9%。二、三线城市二手住宅销售价格同比分别下降5.2%和6.0%，降幅均收窄 0.4个百分点。 ...

表 1：2025 年 8 月70个大中城市新建商品住宅销售价格指数 | 城市 | 环比 | | | | --- | --- | --- | --- | | 同比 | 1-8月平均 | | | | 城市 | 环比 | | | | 同比 | 1-8月平均 | | | | 上月=100 | 上年同月=100 | | | | 上年同期=100 | 上月=100 | | | | 上年同月=100 | 上年同期=100 | | | | 北京 | 99.6 | | | | 96.5 | 95.3 | | | | 唐山 | 99.4 | | | | 93.8 | 92.9 | | | | 天津 | 99.5 | | | | 98.2 | 97.9 | | | | 秦 | 皇 | 岛 | 99.6 | | 94.7 | 93.6 | | | | 石 | 家 | 庄 | 99.5 | | 96.7 | 96.5 | | | | 包头 | 99.1 | | | | 94.2 | 93.8 | | | | 太原 | 99.7 | | | | 101.0 | 101.1 | | | | 丹东 | 99.6 | | | | 95.7 | ...

Core Viewpoint - The monitoring of market prices for 50 important production materials across nine categories shows a mixed trend, with 8 products experiencing price increases, while 40 products saw price declines, and 2 remained stable in early September 2025 compared to late August 2025 [2]. Group 1: Price Changes in Major Categories - In the black metal category, prices for rebar, wire rod, and ordinary plates decreased by 1.3%, 1.6%, and 0.7% respectively, with rebar priced at 3175.0 yuan per ton [4]. - In the non-ferrous metal category, electrolytic copper increased by 1.0% to 80030.0 yuan per ton, while aluminum ingots decreased by 0.3% to 20686.3 yuan per ton [4]. - Chemical products showed varied results, with caustic soda increasing by 1.5% to 909.7 yuan per ton, while pure benzene and styrene saw declines of 2.5% and 3.1% respectively [4]. Group 2: Energy and Coal Prices - In the petroleum and natural gas sector, liquefied petroleum gas (LPG) increased by 1.6% to 4503.7 yuan per ton, while gasoline prices decreased by 0.6% for 95 and 0.7% for 92 grades [4]. - Coal prices also experienced declines, with ordinary mixed coal dropping by 5.5% to 526.6 yuan per ton, and Shanxi premium mixed coal decreasing by 2.0% to 687.5 yuan per ton [4]. Group 3: Agricultural Products and Inputs - In agricultural products, the price of yellow corn decreased by 0.1% to 2299.7 yuan per ton, while cotton prices fell by 0.2% to 14720.2 yuan per ton [5]. - Fertilizer prices showed a decline, with urea dropping by 1.3% to 1736.4 yuan per ton, while pesticide prices increased by 0.7% to 27275.0 yuan per ton [5]. Group 4: Monitoring Methodology - The monitoring of market prices includes data from over 2000 wholesalers, agents, and distributors across more than 300 trading markets in 31 provinces [8]. - The price monitoring methods involve on-site price collection, telephone inquiries, and electronic communications [9].

Group 1: Core CPI Analysis - The core Consumer Price Index (CPI) increased by 0.9% year-on-year, marking the fourth consecutive month of growth [3] - The decline in overall CPI is attributed to a high comparison base from the previous year and lower seasonal food price increases, with food prices down 4.3% year-on-year [2][3] - Non-food prices rose by 0.5%, contributing approximately 0.43 percentage points to the CPI year-on-year increase [2][3] Group 2: PPI Analysis - The Producer Price Index (PPI) saw a year-on-year decline of 2.9%, but the rate of decline narrowed by 0.7 percentage points compared to the previous month, the first narrowing since March [5] - The PPI's month-on-month change shifted from a 0.2% decline to flat, influenced by improved supply-demand relationships in certain sectors [4][5] - Prices in coal processing, black metal smelting, and other industries showed reduced year-on-year declines, contributing to the overall narrowing of the PPI decline [5][6]