房价涨了跌了？数据公布！

Core Insights - The core viewpoint of the article indicates that in July 2025, the sales prices of commercial residential properties in 70 large and medium-sized cities in China experienced a month-on-month decline, but the year-on-year decline has narrowed overall [1]. Price Changes Overview - In July 2025, the sales prices of new commercial residential properties in first-tier cities decreased by 0.2% month-on-month, with the decline narrowing by 0.1 percentage points compared to the previous month [6]. - The sales prices of new commercial residential properties in second-tier cities fell by 0.4% month-on-month, with the decline expanding by 0.2 percentage points [6]. - The sales prices of new commercial residential properties in third-tier cities decreased by 0.3% month-on-month, with the decline remaining the same as the previous month [6]. Year-on-Year Price Changes - In July 2025, the year-on-year sales prices of new commercial residential properties in first-tier cities dropped by 1.1%, with the decline narrowing by 0.3 percentage points compared to the previous month [7]. - The year-on-year sales prices in second-tier and third-tier cities decreased by 2.8% and 4.2%, respectively, with declines narrowing by 0.2 and 0.4 percentage points [7]. - Among the 70 large and medium-sized cities, five cities saw year-on-year increases in new commercial residential property prices, an increase of two cities compared to the previous month [7]. Second-Hand Residential Prices - In July 2025, the month-on-month sales prices of second-hand residential properties in first-tier cities fell by 1.0%, with the decline expanding by 0.3 percentage points compared to the previous month [6]. - The year-on-year sales prices of second-hand residential properties in first-tier cities decreased by 3.4%, with the decline expanding by 0.4 percentage points [7]. - The year-on-year sales prices in second-tier and third-tier cities for second-hand residential properties fell by 5.6% and 6.4%, respectively, with declines narrowing by 0.2 and 0.3 percentage points [7].