国家统计局发布3月70城房价变动情况

Core Insights - The data from the National Bureau of Statistics indicates a "stop falling and stabilize" trend in the housing market, with both new and second-hand housing prices fluctuating within 1% in March 2025 [1] New Housing Market - Among the 70 large and medium-sized cities, 29 cities saw new housing prices either increase or remain stable compared to February, with Shanghai showing the highest month-on-month increase of 0.7% [1] - Other cities with notable increases include Hangzhou and Chengdu, both at 0.5%, while cities like Ningbo, Tianjin, Jinan, and Hefei also experienced slight price increases [1] - Year-on-year, only 2 cities reported an increase in new housing prices, with Shanghai at 5.7% and Taiyuan at 1%, while most cities maintained stable prices compared to the same period last year [1] Second-Hand Housing Market - In the second-hand housing market, 14 cities reported either an increase or stable prices month-on-month, with Hangzhou leading at 1%, followed by Beijing at 0.5% and Shanghai at 0.4% [1] - The trend of stabilizing prices is particularly evident in first and second-tier cities [1] Market Structure - There are notable differences in performance across different cities and between new and second-hand housing markets [1] - In Shanghai, new housing prices for properties larger than 144 square meters saw the highest increase, while for second-hand housing, the price increase was most significant for units sized between 90 to 144 square meters [1][2] - In Hangzhou, the most resilient new housing prices were in the 90 to 144 square meter range, while for second-hand housing, the best performance was seen in units smaller than 90 square meters [2] - Taiyuan's new housing prices increased the most for units 90 square meters and below, while the strongest second-hand price performance was in the 90 to 144 square meter category [2]