楼市去库存效果已现 全国商品房待售面积连降6个月

Core Insights - The real estate market in China is showing signs of stabilization despite fluctuations due to domestic and international factors, with a narrowing decline in sales and prices [1][2][3] Group 1: Sales and Inventory - From January to August 2023, the total sales area of new commercial housing reached 57,304 million square meters, a year-on-year decrease of 4.7%, while sales revenue was 55,015 billion yuan, down 7.3% year-on-year [1] - As of the end of August, the total unsold commercial housing area was 76,169 million square meters, a decrease of 3.17 million square meters from the end of July, marking a continuous six-month decline in inventory [1] - The spokesperson from the National Bureau of Statistics indicated that the reduction in inventory is a positive sign for the market, suggesting ongoing efforts to stabilize the real estate sector [1] Group 2: Price Trends - In August, the sales prices of new residential properties in first-tier cities decreased by 0.1% month-on-month, while second-tier and third-tier cities saw declines of 0.3% and 0.4%, respectively, with year-on-year declines of 0.9%, 2.4%, and 3.7% [1] - The number of cities experiencing price increases rose to 9 in August, up from 6 in the previous month, indicating a growing demand in second-tier cities [2] - The year-on-year decline in new residential property prices is narrowing, suggesting a potential bottoming out of the market [2] Group 3: Policy and Market Activity - As the traditional peak season for real estate approaches, various policies are being introduced at both central and local levels to stimulate the market [3] - Recent policy changes in cities like Beijing, Shanghai, and Shenzhen aim to optimize purchase restrictions and loan rates, leading to a significant increase in transaction volumes [3] - The market is expected to see a temporary rebound in activity as developers accelerate the launch of new projects, particularly in core cities [3]