8月新房价格环比上涨城市增加商品房库存连续6个月减少

Core Insights - The real estate market is showing signs of stabilization, with a narrowing decline in sales and prices, although overall sales are still decreasing [1][2][3] - The government is actively implementing policies to support housing demand and stabilize the market, leading to improvements in sales and inventory levels [2][3] Sales Performance - From January to August, the sales area of new commercial housing decreased by 4.7% year-on-year, but this decline is 13.3 percentage points less than the same period last year [2] - The sales revenue of commercial housing fell by 7.3% year-on-year, a reduction of 16.3 percentage points compared to the previous year [2] - Some first- and second-tier cities have experienced growth in both sales area and revenue [2] Price Trends - In August, 9 out of 70 large and medium-sized cities saw a month-on-month increase in new home prices, with Shanghai, Hangzhou, and Yichang leading at a 0.4% increase [1] - Year-on-year, the price decline for new homes in first, second, and third-tier cities has narrowed by 0.2, 0.4, and 0.5 percentage points respectively [1] Funding and Inventory - From January to August, funding for real estate development decreased by 8% year-on-year, but this decline is 12.2 percentage points less than the same period last year [2] - The inventory of unsold commercial housing decreased by 3.17 million square meters from July to August, marking six consecutive months of reduction [2] Future Outlook - The market requires continued efforts to stabilize and recover, with a focus on high-quality urban renewal and increasing the supply of quality housing to meet demand [3]