上海涨1.47%，广州涨1.25%！一线城市5月新房价格领涨百城，二手房延续“以价换量”

Core Viewpoint - The real estate market in May continued to show a divergent trend, with new home prices in core cities stabilizing while third and fourth-tier cities experienced adjustments [1][2][12]. New Home Market - The average price of new residential properties in 100 cities was 16,815 yuan per square meter in May, with a month-on-month increase of 0.30% and a year-on-year increase of 2.56% [1]. - First-tier cities saw a month-on-month increase in new home prices, with Shanghai leading at 1.47% and Guangzhou following at 1.25% [5][6]. - The new home sales in key cities increased due to promotional activities by real estate companies and the supply of desirable properties [1][11]. - The policy environment is expected to remain loose in June, potentially increasing the pace of property launches and promotional efforts by developers [1][11]. Second-hand Home Market - The average price of second-hand residential properties fell to 13,794 yuan per square meter in May, with a month-on-month decline of 0.71% and a year-on-year decrease of 7.24% [1][12]. - The second-hand home market is undergoing deep adjustments, with a strategy shift towards "price for volume" due to high listing volumes [12][15]. - First-tier cities experienced a month-on-month decline in second-hand home prices of 0.37%, while second and third-tier cities saw declines of 0.78% and 0.76%, respectively [15][16]. Market Dynamics - In May, the transaction volume of second-hand homes in some cities exceeded that of new homes, indicating a shift in market dynamics [17]. - The continuous adjustment in prices has led to increased transaction volumes in the second-hand market, with some luxury properties also experiencing significant price drops [19]. - The combination of policy measures has effectively reduced the cost of home buying, contributing to the recovery of the new home market [11].