9月全国百城房价出炉！机构：新房价格上涨，二手房环比连跌41个月

Core Insights - The real estate market in September showed a slight increase in new home prices, while second-hand home prices continued to decline, indicating a divergence in market performance [1][2][6]. New Home Market - In September, the average price of new homes in 100 cities was 16,926 yuan per square meter, with a month-on-month increase of 0.09% and a year-on-year increase of 2.68% [1][2]. - The third quarter saw a cumulative increase of 0.47% in new home prices, although this was a slowdown compared to the previous quarter [2][4]. - First-tier cities experienced significant price increases, with Shanghai, Hangzhou, and Guangzhou leading the way in month-on-month growth [4][6]. - The new home market is characterized by a structural increase in prices, driven by active land acquisition by developers in core cities [6]. Second-Hand Home Market - The average price of second-hand homes in September was 13,381 yuan per square meter, reflecting a month-on-month decrease of 0.74% and a year-on-year decrease of 7.38% [1][7]. - Second-hand home prices have now declined for 41 consecutive months, with the cumulative drop in the third quarter reaching 2.26% [7][9]. - The decline in second-hand home prices is most pronounced in second-tier cities, which saw a month-on-month decrease of 0.87% [9][11]. Market Dynamics - The high inventory levels in the second-hand market are contributing to ongoing price pressures, with many projects adopting a "price reduction to increase sales" strategy [6][9]. - Policy measures are being implemented in various cities to alleviate pressure on the second-hand market, including adjustments to purchase restrictions and tax incentives [11][12]. - The overall sentiment in the real estate market remains cautious, with expectations of continued price adjustments in the short term [11].