国家统计局解读2025年9月份房价数据

Core Insights - The overall decline in commodity residential sales prices in major cities continues to narrow year-on-year as of September 2025 [1][2] Group 1: Price Changes in New Commodity Residential Properties - In September, the sales prices of new commodity residential properties in first-tier cities decreased by 0.3% month-on-month, with the decline expanding by 0.2 percentage points compared to the previous month [1] - Among first-tier cities, Beijing and Shanghai saw price increases of 0.2% and 0.3% respectively, while Guangzhou and Shenzhen experienced declines of 0.6% and 1.0% [1] - Second-tier cities saw a month-on-month decline of 0.4% in new commodity residential prices, with the decline expanding by 0.1 percentage points [1] - Third-tier cities also recorded a month-on-month decline of 0.4% in new commodity residential prices, with the decline remaining unchanged from the previous month [1] Group 2: Price Changes in Second-Hand Residential Properties - In September, the sales prices of second-hand residential properties in first-tier cities decreased by 1.0% month-on-month, with the decline remaining the same as the previous month [1] - The month-on-month declines in second-hand residential prices for Beijing, Shanghai, Guangzhou, and Shenzhen were 0.9%, 1.0%, 0.8%, and 1.0% respectively [1] - Second-tier cities experienced a month-on-month decline of 0.7% in second-hand residential prices, while third-tier cities saw a decline of 0.6%, both with an increase in the decline of 0.1 percentage points [1] Group 3: Year-on-Year Price Changes - Year-on-year, the sales prices of new commodity residential properties in first-tier cities decreased by 0.7%, with the decline narrowing by 0.2 percentage points compared to the previous month [1] - Shanghai saw a year-on-year price increase of 5.6%, while Beijing, Guangzhou, and Shenzhen experienced declines of 2.6%, 4.1%, and 1.8% respectively [1] - Year-on-year, second-tier cities recorded a decline of 2.1% and third-tier cities saw a decline of 3.4% in new commodity residential prices, both with a narrowing of 0.3 percentage points [1] Group 4: Year-on-Year Changes in Second-Hand Residential Prices - In September, the year-on-year sales prices of second-hand residential properties in first-tier cities decreased by 3.2%, with the decline narrowing by 0.3 percentage points compared to the previous month [2] - The year-on-year declines for Beijing, Shanghai, Guangzhou, and Shenzhen were 2.7%, 2.4%, 6.0%, and 1.7% respectively [2] - Second-tier cities experienced a year-on-year decline of 5.0%, while third-tier cities saw a decline of 5.7%, with both declines narrowing by 0.2 and 0.3 percentage points respectively [2]