一线城市新房价格同环比降幅收窄，专家认为未来楼市止跌回稳趋势不变

Core Viewpoint - The real estate market is showing signs of stabilization after a period of decline, with a trend towards recovery expected to continue in the future [1][4][5]. Group 1: Price Trends - In July, new home prices in first-tier cities saw a narrowing decline both year-on-year and month-on-month, with a 0.2% month-on-month decrease, which is a 0.1 percentage point improvement from the previous month [2][3]. - Year-on-year, first-tier cities experienced a 1.1% drop in new home prices, a reduction of 0.3 percentage points compared to the previous month, with Shanghai showing a significant increase of 6.1% [3][4]. - The number of cities with rising new home prices increased to 5 in July, with Shanghai and Urumqi both seeing a 0.3% increase, indicating a slight recovery in certain markets [2][3]. Group 2: Market Dynamics - The real estate market is currently in a seasonal adjustment phase, with July and August typically being slower months, but first-tier cities are showing signs of stabilization in the new home market [1][4]. - The second-hand housing market in first-tier cities is under pressure, with high listing volumes leading to a buyer's market, particularly in cities like Beijing where listings exceeded 160,000 [4][5]. - The demand for second-hand homes is increasing, especially among young people and new urban residents, as affordability improves due to falling prices [6]. Group 3: Future Outlook - Experts predict that the trend of price stabilization will continue, supported by a narrowing year-on-year price index across 70 cities and a reduction in new home sales to levels not seen since 2010 [5]. - Policy adjustments aimed at restoring the housing market's fundamentals, including support for education and employment, are expected to bolster housing consumption and mitigate panic selling in the second-hand market [5]. - The shift towards affordable and quality housing, along with urban renewal initiatives, is anticipated to drive future demand and stabilize new home prices [5][6].