四月全国70个大中城市房价总体稳定

Core Viewpoint - The real estate market in China is showing signs of stabilization, with a continuous narrowing of price declines in first, second, and third-tier cities, and a reduction in housing inventory for two consecutive months [2][3][4]. Group 1: Housing Prices - In April, the new home prices in first and second-tier cities remained stable month-on-month, while third-tier cities experienced a slight decline [2]. - Year-on-year, the price decline in first-tier cities narrowed by 0.7 percentage points, while second and third-tier cities saw reductions of 0.5 and 0.3 percentage points, respectively [2]. - Specific cities like Beijing and Shanghai saw month-on-month price increases of 0.1% and 0.5%, while Guangzhou and Shenzhen experienced slight declines [2]. Group 2: Sales and Inventory - From January to April, new home sales area decreased by 2.8%, but the decline was 0.2 percentage points less than in the first quarter [3]. - In 40 key cities, new home sales area and sales revenue increased by 0.1% and 2% year-on-year, respectively [3]. - By the end of April, the inventory of unsold homes continued to decrease, marking two consecutive months of reduction [3]. Group 3: Construction and Funding - The new construction area from January to April saw a year-on-year decline that was 0.6 percentage points less than in the first quarter [3]. - However, the funding for real estate development decreased by 4.1% year-on-year, indicating a slight worsening compared to the first quarter [3]. - The overall real estate market is still in a transitional phase, with ongoing efforts needed to stabilize the market [3][4].