国家统计局：房地产销售仍在下降，市场修复需要一个过程

Core Insights - The real estate market in China is showing signs of stabilization, with policies aimed at supporting housing demand and improving market conditions [1][3]. Group 1: Market Performance - In the first eight months of the year, the sales volume of new commercial housing decreased by 4.7% year-on-year, a reduction of 13.3 percentage points compared to the same period last year [3]. - The sales value of commercial housing fell by 7.3%, with a decrease of 16.3 percentage points compared to the previous year [3]. - Some first- and second-tier cities have experienced growth in both sales area and sales value of new commercial housing [3]. Group 2: Price Trends - The year-on-year decline in new residential prices has narrowed, with most cities showing reduced price drops in August [3]. - The price decline for new residential properties in first, second, and third-tier cities decreased by 0.2, 0.4, and 0.5 percentage points respectively compared to the previous month [3]. - The year-on-year decline in second and third-tier cities' second-hand residential prices also narrowed by 0.4 percentage points [3]. Group 3: Financial and Inventory Improvements - The funding and inventory situation for real estate companies has improved, with a steady progress in destocking [4]. - The funds available to real estate developers decreased by 8% year-on-year, but this decline is less severe than in previous years, with a reduction of 12.2 percentage points compared to last year [4]. - The inventory of unsold commercial housing decreased by 3.17 million square meters at the end of August, marking six consecutive months of reduction [4]. Group 4: Future Outlook - The real estate market is still facing challenges, and recovery will require ongoing efforts [4]. - The government emphasizes the need for high-quality urban renewal and the development of new models for real estate to better meet housing demands [4].