房价同比降幅持续收窄！上海、大连新房价格环比涨幅全国第一

Core Insights - The real estate market in China showed signs of stabilization in April, with new home prices in first and second-tier cities remaining flat, while third-tier cities experienced slight declines [1][5] - Shanghai and Dalian led the nation in new home price increases, while Ganzhou topped the list for second-hand home price growth [1][3] Price Trends - In April, the number of cities with rising new home prices decreased to 22, down from 24 in March, while the number of cities with rising second-hand home prices fell to 5, down from 10 [2] - First-tier cities saw new home prices remain flat, with Beijing and Shanghai increasing by 0.1% and 0.5% respectively, while Guangzhou and Shenzhen decreased by 0.2% and 0.1% [2] - Second-hand home prices in first-tier cities shifted from a 0.2% increase in March to a 0.2% decrease in April, with Shanghai increasing by 0.1% and declines in Beijing and Shenzhen of 0.6% and 0.3% respectively [2] Year-on-Year Comparisons - Year-on-year, new home prices in first-tier cities fell by 2.1%, a reduction in the decline by 0.7 percentage points compared to the previous month, with Shanghai seeing a 5.9% increase [3] - Second-hand home prices in first-tier cities dropped by 3.2% year-on-year, with a decline reduction of 0.9 percentage points, while second and third-tier cities experienced declines of 6.5% and 7.4% respectively [3] Market Outlook - Analysts suggest that the "small spring" market conditions have passed, with a decrease in demand observed in April following a surge in the first quarter [4] - There is an expectation for more favorable policies to stabilize the market, as recent adjustments in public housing fund rates have not sufficiently stimulated buyer interest [4] - The real estate market is still undergoing a transition, with ongoing pressures in certain regions, indicating that further efforts are needed to promote stability [5]