房价仍在筑底波动

Core Insights - The number of cities experiencing a decline in housing prices has increased, indicating a short-term downward trend in both new and second-hand housing prices [2][3] - Despite the short-term fluctuations, the long-term trend for housing prices remains stable and positive, with year-on-year declines in prices continuing to narrow [4][14] Group 1: Housing Price Trends - In May, 70 cities reported a decrease in housing prices, with 53 cities showing a decline in new home prices and only 3 cities experiencing an increase in second-hand home prices [4][7] - The average price negotiation space for second-hand homes in key cities is at 15.4%, indicating a convergence in price expectations between buyers and sellers [11] Group 2: Market Dynamics - The second-hand housing market is showing signs of reaching a critical adjustment phase, with transaction volumes stabilizing despite price fluctuations [8][11] - Recent government policies aimed at stabilizing the housing market, including financial incentives and consumption promotion measures, are expected to support the recovery of housing prices [14]